The World Trade Organization

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“Trade has been a cornerstone of our growth and global development. But we will not be able to sustain this growth if it favours the few, and not the many.” - Barrack Obama
Barrack Obama, President of the United States addressed the consequence that in order for trade to help spur development in the world today, it must not only help
The World Trade Organisation is an international organisation whose motive is to promote open and free trade by convincing nations to eradicate import tariffs In addition, the WTO policies free trade agreements, settles trade disputes between governments and organises trade negotiations. (“WTO Profile: Background Info”} Although on paper promoting free trade may seem to benefit both developed and developing nations, however in practice, the introduction of free trade may only benefit the rich powerful nations. Hence the World Trade Organisation is a clear hindrance as it has been manipulated to serve narrow corporate interests. Secondly, developing countries with poor economies have been completely marginalised by the rich developed nations. Finally, the WTO endorses trade regulations that favour only a handful of economies at the expense of others.
WTO can pressure minute poverty-stricken nations to sacrifice the wellbeing of their own people to meet the demands of multinational corporations. A compelling case study that clearly insinuates how the WTO puts the rights of corporations to profit over human rights. In 1983, Guatemala passed a legislation to encourage breastfeeding and limit the use, and abuse of infant formula which has been related to high infant mortality rates in developing nations. The country was aided by WHO in creating guidelines that would be useful for illiterate consume...

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... in the world today.

Works Cited

"10 Benefits of the WTO Trading System." WTO. World Trade Organization, n.d. Web. 01 May 2014.

"Case Studies | Global Exchange." Case Studies | Global Exchange. Global Exchange, n.d. Web. 01 May 2014.

"Economics Essays: Advantages and Disadvantages of WTO." Economics Essays: Advantages and Disadvantages of WTO. N.p., 17 June 2007. Web. 01 May 2014.

Pettinger, Tejvan R. "Arguments against Free Trade ." Economics Help. N.p., n.d. Web. 01 May 2014.

"Top Reasons to Oppose the WTO | Global Exchange." Top Reasons to Oppose the WTO | Global Exchange. Global Exchange, n.d. Web. 01 May 2014.

Walker, Aurelie. "The WTO Has Failed Developing Nations." Theguardian.com. Guardian News and Media, 14 Nov. 2011. Web. 01 May 2014.

"WORLD TRADE ORGANIZATION." World Trade Organization. World Trade Organization 2014, n.d. Web. 14 May 2014.

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