A review of the debate over the outcome of the World Trade Organization (WTO) and global trade on developing nations.
Written in 2007; 839 words; 5 sources; MLA; $ 29.95
Paper Summary:
This paper discusses two distinct views of the World Trade Organization(WTO) and global trade. The paper first discusses the argument that global trade is the means by which developing nations have the opportunity to create functioning economies that will result in higher standards of living. It then looks at the argument that the repercussions of prosperity have maintained inequality and developing nations continue to serve the interests of the large and powerful nations. The paper looks briefly at the coffee industry to help illustrate these views. The paper is written in the narrative form and presents the writer's opinion on the issues.
From the Paper:
"Phillippe Legrain's argument divides the issue of global trade into contradictory positions; either you support the WTO and helping poor nations develop or you do not and public demonstrations are in his opinion, an indication of questionable agendas. However, this is too simplistic, there is more to trade as is indicated by Legrain's statement that countries are given the opportunity to raise their citizenry out of poverty or protect their natural resources and air quality (8). Working for slave wages in the coffee fields is still no way to live and it behooves a civilized society to demand fair trade even if it costs us a few dollars more ("Blackcoffee")."
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