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The WTO and Globalization After Seattle

            Reality Check: The WTO and Globalization After Seattle.
             This article is based around the WTO and the effects it has had around the world, especially regarding globalization. Opponents of the idea of globalization fear that it is simply a front for large industrial governments and corporations to push the Anglo-Saxon lifestyle and exploit low wages, at the cost of the people. I personally feel that this notion is outrageous and we should only be so lucky to have an organization such as the WTO that can help to advance the world as a whole. The article then goes on to talk about how developing countries may not get as much out of the trade agreement as the industrialized countries, because of lower status in the world scene. I don't think this is necessarily true because the article then goes to talk about how within the Uruguay developing countries for the first time played a key role in the outcome of the final round. Figures also back up the fact that developing countries are not being neglected, for instance, the share in world trade for developing countries has increased 2.2% between 1994 and 1998. Number also show that foreign direct invest has increased within these countries by 10.3 from 1992 to 1998. This goes to show that progress in being made even if it is not a huge jump. The article mentions a possible way to increase global income is by lower industrial tariff by 50% , and by doing this some 270 billion dollars of revenue would be generated and 95% percent of that would go towards developing countries. The final point in the article is about the need to not rush into the next round. The reason for this is the need for new ideas to come to the table, and to refocus on the original goal of the WTO is to provide a "human face" for the trading system. The world would definitely not be in as good of standing as it is, if not for the WTO. This article was a excellent piece on the WTO and the factor that go into it.


Essays Related to The WTO and Globalization After Seattle

1. The Battle in Seattle

There had been many controversies over the WTO demonstrations that happened in Seattle. ... The issue was protesting against big corporations and destructing against globalization. ... After the N30, he decided to participate in the demonstration. ... Even after the successful shutdown of the WTO, divisiveness is still alive and thriving in their lives. ... After the WTO was over, the Eugene protestors of WTO came into the photo shop to print their pictures from the demonstration. ...

  • Word Count: 883
  • Approx Pages: 4
  • Has Bibliography
  • Grade Level: High School

2. Wto

"The WTO is going to write the framework that will dictate how global commerce is done and our problem is that the vast majority of people in the world have no representatives to speak on their behalf at the Seattle conference," says Collins www.cnn.com, Lefevre. ... "We"re here, along with a lot of other organizations to say that the WTO is essentially writing the rules for a new global economy that really doesn't incorporate the concerns of workers, environmentalists, and consumers," stated Chuck Collins www.cnn.com, Lefevre The latest WTO meetings took place in Seattle from ...

  • Word Count: 1131
  • Approx Pages: 5
  • Has Bibliography
  • Grade Level: High School

3. FreeTrade

The most recent event involving the WTO occurred in Seattle at what was suppose to be a weekend of talks to try and figure out what to do with global trade. ... In fact, after the failure of the Seattle talks the poorer countries of the world claimed victory against the so-called powerhouses of the world economy, especially the United States. ... The poorer countries believe that the failure of the Seattle talks should be a wake up call of the rich to only work on things that will benefit the whole global system, not just themselves. ... Personally, I don't think the world is ready fo...

  • Word Count: 1739
  • Approx Pages: 7
  • Has Bibliography
  • Grade Level: High School

4. The World Trade Organization Does It Benefit The United Sta

Abstract In an effort to rebuild economies after Word War II, international agreements were formed encouraging trade between the free nations. ... Protesting by environmental groups, labor advocacy groups, farmers, and many other interest groups marred a conference held in Seattle, Washington, November 30 to December 3, 1999. ... It was subsequently replaced by the WTO, which was formed on January 1, 1995 after the Uruguay Round of GATT negotiations. ... The WTO is the only international organization that deals with global rules of trade between nations. ... On January 16, 2003 the WTO issued...

  • Word Count: 2772
  • Approx Pages: 11
  • Has Bibliography
  • Grade Level: High School

5. why did Cancun fail?

Many countries felt that they could not agree to this without losing control of their industries, and argued that the WTO was not the appropriate forum for such discussions. ... WTO Director General Supachai urged ministers to consider the proposal seriously. ... On the question on providing transition financing, some countries said that they were studying the idea but it should be considered only after the trade related elements of any initiative were resolved. ... Supachai said he detected a convergence of opinion that the best way to seek a solution is to do so within the WTO's ambit, ...

  • Word Count: 2490
  • Approx Pages: 10
  • Grade Level: Undergraduate

6. Globalisation Issue

The key difference between the WTO and the General Agreement on Tariffs and Trade (GATT), which it replaced, is that the WTO is a permanent organisation with the judicial powers to rule on international trade disputes. The WTO also covers trade in services, whereas GATT only covered trade in goods. ... Also, the WTO rules do not allow a country to favour the imports of one country over those from another. The WTO argues that the growth of trade between countries increases the wealth of everyone. ... The World Wildlife Fund has maintained an anti-WTO stance for over a decade. ...

  • Word Count: 9131
  • Approx Pages: 37
  • Grade Level: Undergraduate

7. Globalization

Introduction In the second part of our discussion of the original and interesting topic of globalization, we are going to answer the two following questions: 1. Is globalization responsible for the deindustrialization of the highly developed countries through exportation of jobs to less developed countries? ... Globalization The basic argument of these critics is that globalization "the increased openness of the United States to international trade "has changed the rules of the game. ... The UK is a much more open economy than the United States, so if the idea that glob...

  • Word Count: 3449
  • Approx Pages: 14
  • Has Bibliography
  • Grade Level: Undergraduate

8. Canada and Globalization

Third, it is equally important to discuss globalization and anti-globalization in Canada. ... Entire societies are now directly connected to global affairs. ... Thus, does globalization help make the world a better place? ... Thus, in this section we will pay particular attention to globalization and anti globalization in Canada. ... Marc Menard, states that "the violent clashes between protesters and police that accompanied negotiations such as the 1999 Seattle meeting of the WTO, the 2001 G8 meetings in Genoa and in Rostock, Germany, and the 2010 G20 protests in Toronto" are all fo...

  • Word Count: 1932
  • Approx Pages: 8
  • Has Bibliography
  • Grade Level: Graduate

9. Agriculture Negotiations and the World Trade Organization

After reading this paper one will be able to see just how far the negotiations have come and be able to decide for ones self if indeed the WTO will meet the Doha Mandate's deadline. ... Export subsidies and competition are among the important issues being negotiated by the WTO member governments. ... Among WTO members, the vast majority of agricultural products are protected only by tariffs. ... Currently there are forty-three WTO member nations that are subject to tariff quotas. ... ("Agriculture Negotiations in the WTO after Seattle- p49) The current draft proposes "expansi...

  • Word Count: 2800
  • Approx Pages: 11
  • Has Bibliography
  • Grade Level: Undergraduate

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