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What is unfair about trade under the World Trade Organization (WTO)?
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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What is unfair about trade under the World Trade Organization (WTO)? Introduction Trade has the potential to help poor countries to earn income, built wealth against poverty. Many poor countries or less developed countries (LDCs) are extremely economically dependent on exports, especially agricultural products and minerals, to earn income. One of India's main exports, for example, is rice, while South Africa's is gold. But often, the rules of international trade are unfair and sometimes skewed in favour of rich countries and large corporations. It cannot be denied that the WTO is one of those large and powerful corporations which dominated by the world's wealthiest countries like United States and Europe. In this essay, I will first briefly introduce what the WTO is and the present situation in the international trade market. Then I will illustare, with examples, the unfairness of trade towards the LDCs and how it threatens their livelihoods. Finally, I...
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