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Essay / Research Paper Abstract
12 pages in length. The World Trade Organization (WTO) is what the GATT became when it finally reached its permanency. Most countries began to see a definable difference by the end of the twentieth century as the WTO took the trade agreement reins, enabling a number of global communities the long-awaited opportunity to bolster their economic edge. Bibliography lists 13 sources.
Page Count:
12 pages (~225 words per page)
File: LM1_TLC_WTO.rtf
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Unformatted sample text from the term paper:
and expanding trade. However, as advantageous as the GATT may have sounded during the discussion period, it was still understood that such a trade agreement - which stood to
proclaim a "new world trading order" (Anonymous, 1993, p. PG) - would be implemented in what many have dubbed a "very different world, one full of risks and tension" (p.
PG). This aspect of the agreement was not lost on myriad global communities whose primary focus was to participate in fair trade.
Originally conceived in 1947, the GATT has undergone some extraordinary modifications as a means by which to stay abreast of the significant changes that have taken place throughout the past
several decades, directly impacting the manner in which Singaporean banks addressed with domestic and foreign concerns. In order to rise to such myriad challenges, the GATT has had to
be reorganized with regard to fairness and good will for all nations concerned. "Powered by the phenomenal growth of high technology and service industries, competitive new economies in Asia
have developed. The GATT negotiators had to take the rapid changes in the way business was developing into account" (Anonymous, 1993, p. PG).
The World Trade Organization (WTO) is what the GATT became when it finally reached its permanency. Indeed, representative of the GATTs finality after forty-five years was the
fact that the world was at last equipped with "real powers to enforce trade rules" (Anonymous, 1993, p. PG). It is important for the student to consider how some
have suggested that the downfall of such a victory, however, is what was lost more than what was gained: the name. Has the WTO been any worse or better
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