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Essay / Research Paper Abstract
This 3 page paper considers the conflicting views that the WTO promotes free trade, and that it is a rich man's club dedicated to making deals that will increase the bottom line. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: D0_HVWTOClb.rtf
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Unformatted sample text from the term paper:
WTO does nothing to curb the exploitation of workers, and is in fact not promoting trade but has turned into a rich mans club where deals are done to help
the rich get richer. This paper explores these conflicting views. Discussion Walter Powell writes of what he calls "network forms of organization," which are neither market driven
entities nor government agencies, but a new organization entirely (Powell, 1990). They are characterized by "reciprocal patterns of communication and exchange" and thus we can include the WTO in
their number (Powell, 1990, p. 295). These entities "are blurring their established boundaries and engaging in forms of collaboration that resemble neither the familiar alternative of arms length market
contracting nor the former ideal of vertical integration" (Powell, 1990, p. 295). They also tend to be divided into public and private sector organizations; the WTO is obviously in
the public sector. Powell examines the way in which the traditional models work, and then compares then to the network; the market strategy is to "drive the hardest possible bargain
in the immediate exchange" but the networks preferred option "is often one of creating indebtedness and reliance over the long haul" (Powell, 1990, p. 302). These competing strategies
effective devalue each other: "prosperous market traders would be viewed as petty and untrustworthy shysters in networks, while successful participants in networks who carried those practices into competitive markets
would be viewed as na?ve and foolish" (Powell, 1990, p. 302). Within hierarchical structures, dealings with others are shaped largely by "considerations of personal advancement. At the same
time, intraorganizational communication takes place among parties who generally know one another, have a history of previous interactions, and possess a good deal of firm-specific knowledge" (Powell, 1990, p. 302).
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