According to the annual UN Human Development Report ( www.news.bbc.co.uk/1/hi/world/392171.htm, accessed 01/09/03) which also support the idea of second group the effects of globalisation and increasing economic integration have led to the rich getting richer and the poor getting poorer in nearly every way. .
In my point of view, if The World Trade Organisation(WTO) which is the only international organisation dealing with the global rules of trade between nations,(www.caa.org.au/campaigns/election/globalisation/liberalisation.html, accessed 01/09/03 ) changes the rules to distribute benefits of trade more equally, all countries will benefit from globalisation. However, the current global rules are resulting in few winners and many losers. In particular, the 600 million people in the world's 48 least-developed countries (LDCs) remain largely excluded from the benefits of international trade.
.
Why has global inequality increased? The answer is in four parts: (1) faster economic growth in developed OECD countries than developing countries as a group; (2) faster population growth in developing countries than in OECD countries; (3) slow growth of output in rural China, rural India, and Africa; and (4) rapidly widening output and income differences between urban China on the one hand, and rural China and rural India on the other.( www.economist.com/displaystory.cmf'story-ID587251, accessed 01/09/03).
So, the importance of the WTO emerges at this point. The goal should be to help producers of goods and services, exporters, and importers conduct their business. The WTO cannot claim to make all countries equal. But it should reduce some inequalities, should give smaller countries more voice, and at the same time freeing the major powers from the complexity of having to negotiate trade agreements with each of their numerous trading partners.
Nowadays, the WTO argues that the growth of trade between countries increases the wealth of the people.