A discussion on whether the multilateral trading system established by WTO and its precursor GATT are inherently incapable of bringing about sustainable development.
1,130 words (approx. 4.5 pages) |
5 sources |
APA | 2006
Paper Summary:
The World Trade Organization is an important international organization. It has however failed to address questions of reducing poverty, promoting livelihoods and preserving the environment.
The paper examines whether WTO is inherently hostile to sustainable development or whether it can be reformed to further the cause of sustainable development. It concludes that this is not beyond the realms of possibility but would need the richer nations to espouse the cause. The WTO would need a lot of change especially attitudinal if it is to achieve the Utopia of placing sustainability concerns at the top.
From the Paper:
"The WTO has not addressed questions of how increasing trade can reduce poverty in Third World countries (particularly when the trade is often one way). It has not addressed issues of loss of jobs due to opening up of imports. It has not promoted any agreements on redistribution of the supposed benefits of trade to lessen inequalities. It is yet to address the ecological dangers of oversupply bolstered by subsidies. It has not taken up issues like relocation of polluting industries to the Third World countries, the ills of consumerism, currency instability or the general issue of environmental protection."
More papers on The WTO and Sustainable Development:
The WTO and Sustainable Development (2012, January 15). Retrieved February 13, 2012, from http://www.academon.com/Essay-The-WTO-and-Sustainable-Development/67867
"The WTO and Sustainable Development" 15 January 2012. Web. 13 Feb. 2012. <http://www.academon.com/Essay-The-WTO-and-Sustainable-Development/67867>
ATTENTION:
Your browser does not have cookies enabled.
Our shopping cart will not function properly.
Downloadable version: $ 23.95
ADD TO CART »
You will be able to download, read and edit this file once you buy this document
Shopping Cart
Currency:
Published by:
Publisher Since:
May 11, 2003
I am a post graduate in Public Policy. Presently pursuing a Master's in Sustainable Development. Have 15 years work experience in Public Administration.