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Essay / Research Paper Abstract
This 9 page paper takes a look at the WTO and why some think of it as a club of rich nations. Globalization is discussed in depth. Statistics, and examples, are provided. Bibliography lists 6 sources.
Page Count:
9 pages (~225 words per page)
File: RT13_SA048WTO.doc
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Unformatted sample text from the term paper:
throughout the world is actually run by the wealthiest nations on Earth. It is not as if the poorer nations are in control. Of course, this is not a new
story. And the situation has not come about strictly due to globalization, although globalization has exacerbated the problem. Today, the economy is a global economy and income inequality is at
an all- time high, and growing ("World Trade" PG). The global economy supports the largest companies in the world, headed by the richest people on earth who sell over-priced
goods and services to well off consumers who pay their workers way too little (PG). This global economy is ravaged by financial crises and people and industry spend millions of
dollars each year fending off union organizing efforts (PG). While of course the World Trade Organization, an association that has purportedly helped trade along some rough edges, is not wholly
responsible for the difficulties in the world, they have not bent over backward to help developing countries either. In fact, the WTO is still a rich nations club and a
look at its history, and a look at the world, will provide some support for that assumption. II. The WTO The World Trade Organization (WTO) came about after
a 1947 General Agreement on Tariffs and Trade (GATT) between the architects of the Bretton Woods institutions and the World Bank and the International Monetary Fund (IMF) ("A brief" PG).
GATT had included a provision for establishing the International Trade Organization (ITO), which was a UN specialized agency with the purpose of regulating global trade (PG). The ultimate goal had
been free trade and full employment (PG). It failed (PG). Over time, GATT expanded and had been provided more authority but in legal terms, it was only supposed to be
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