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The social and economic impacts of WTO policies on lesser-developed countries.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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The social and economic impacts of WTO policies on lesser-developed countries. History and purpose of the WTO The WTO was formally established on 1st January 1995. Its predecessor is the GATT, the General Agreement on Tariffs and Trade, which was reached in 1948, to avoid the protectionism that prevailed following World War II. Before evolving into WTO, the GATT has been through eight rounds of negotiations since 1948. The seventh, the Tokyo Round, and the eighth, the Uruguay Round, are the most important ones. The Uruguay Round from 1986 to 1993 dealt with merchandise trade, service trade, intellectual property rights, and dispute settlement. Moreover, it made a resolution to establish the World Trade Organization, WTO. Up to now, the WTO has held four-round Ministerial Conferences listed in order-Singapore in 1996, Geneva in 1998, Seattle in 1999, and Doha in 2001.1 The main purpose of the WTO is to "help trade flow as...
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