Is the World Trade Organization Good?
Running Head: The World Trade Organization is Good
The World Trade Organization is Good
2007
Outline:
Thesis statement
Introduction
Discussion
Conclusion
References
The World Trade Organization is Good
Thesis statement
The World Trade Organization provides the world with lower cost of goods and services for millions of consumers throughout the world. It provides a forum for government to negotiate trade agreements and settle trade disputes. World Trade Organization promotes fair competition; it encourages developing countries to transition to market economies. It breaks down trade barriers between peoples and nations, its main function is to ensure that trade flows as smoothly and freely as possible.
The WTO is good for the world because now the world has a governing body with over one hundred members countries committed to international commerce to help producers of goods and services, exporters, and importers conduct business to improve the welfare of its people. The result is a more prosperous, peaceful and accountable economic world.
Introduction
Membership of the World Trade Organisation has often been a key tool for governments seeking to enhance the credibility of trade reform and to provide firms with a more predictable external trading environment. At the same time, successive rounds of multilateral trade liberalisations have highlighted the difficulties that many low-income countries are facing in capturing the benefits of more open markets. In these countries, governments, institutions and enterprises often lack capacities, e.g. information, policies, procedures and/or infrastructure, to compete effectively in global markets and take full advantage of the opportunities that are offered through international trade (OECD Journal on Development, 2007).
Discussion
The World Trade Organization (WTO) (approx. 130 members) is positioned as the sole international body to deal with international
The World Trade Organization is Good
2007
Outline:
Thesis statement
Introduction
Discussion
Conclusion
References
The World Trade Organization is Good
Thesis statement
The World Trade Organization provides the world with lower cost of goods and services for millions of consumers throughout the world. It provides a forum for government to negotiate trade agreements and settle trade disputes. World Trade Organization promotes fair competition; it encourages developing countries to transition to market economies. It breaks down trade barriers between peoples and nations, its main function is to ensure that trade flows as smoothly and freely as possible.
The WTO is good for the world because now the world has a governing body with over one hundred members countries committed to international commerce to help producers of goods and services, exporters, and importers conduct business to improve the welfare of its people. The result is a more prosperous, peaceful and accountable economic world.
Introduction
Membership of the World Trade Organisation has often been a key tool for governments seeking to enhance the credibility of trade reform and to provide firms with a more predictable external trading environment. At the same time, successive rounds of multilateral trade liberalisations have highlighted the difficulties that many low-income countries are facing in capturing the benefits of more open markets. In these countries, governments, institutions and enterprises often lack capacities, e.g. information, policies, procedures and/or infrastructure, to compete effectively in global markets and take full advantage of the opportunities that are offered through international trade (OECD Journal on Development, 2007).
Discussion
The World Trade Organization (WTO) (approx. 130 members) is positioned as the sole international body to deal with international
References: Reference Business to Business (2000) WTO The World Trade Organization, Retrieved on Sep 12, 2007 from http://www.nychinatown.com/bn_what_is_the_wto.htm OECD Journal on Development (2007) Aid for Trade: Making it Effective. Paris: 2007. Vol. 8, Iss. 1; pg. 41, 13 pgs WTO (2005), Managing the Challenge of WTO Participation: 45 Case Studies, Cambridge University Press, Cambridge.