This website uses cookies to ensure you have the best experience. Learn more

Outline The Development Of The World Trade Organisation And Critically Evaluate Its Role In The Twenty First Century.

1261 words - 5 pages

The World Trade Organisation (WTO) came into being on the 1st January 1995. It is based in Geneva, Switzerland and was created by the Uruguay Round negotiations. It is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War. While the WTO is still young, the trading system that was originally set up under GATT is already 55 years old. With 144 member countries, the WTO has six main functions: administering trade agreements; acting as a forum for trade negotiations; settling trade disputes; reviewing national trade policies; assisting developing countries in trade policy issues and cooperating with other international organisations. Whereas GATT had mainly dealt with trade in goods, the WTO and its agreements now cover trade in services, and in traded inventions, creations and designs (this includes copyrights, trademarks).GATT is now the WTO's principle rulebook for trade in goods. The member nations operate a non-discriminatory trading system that spells out their rights and obligations. Each country receives guarantees that its exports will be treated fairly and consistently in other countries' markets. Each promises to do the same for imports in its own market. The system also gives developing countries some flexibility in implementing their commitments.The WTO's procedure for resolving trade quarrels under the Dispute Settlement Understanding is vital for enforcing the rules and therefore for ensuring that trade flows smoothly. The system encourages countries to settle their differences through consultation. Confidence in the system is borne out by the number of cases brought to the WTO - 167 cases by March 1999 compared to some 300 disputes dealt with during the entire life of GATT (1947-94).In early 2000, new negotiations on trade in the areas of agriculture and services, mandated by the Members when they signed the Uruguay Round agreements, were launched. "Altogether 125 WTO members have submitted 44 proposals in the agricultural negotiations. The proposals will be the focus of the second phase, which will be a more challenging process since the list of issues to be considered is long and reflects a wide range of interests and complexity." (WTO Annual Report 2001) This report was published in May of 2001 and, over a year on, some of the afore mentioned proposals are still to be considered. The time lag, therefore, is evidently extensive between putting forward a proposal and any action being taken over it in this sector. Another example of this time lag period can be seen if we look back to 1995. On 23 January, Venezuela complained to the Dispute Settlement Body that the United States was applying rules that discriminated against gasoline imports, and formally requested consultations with the US. Just over a year later, (29 January 1996), the dispute panel completed its final report. The US then appealed, and so the Appellate Body had to compile another report. On 20 May 1996, one...

Find Another Essay On Outline the development of the World Trade Organisation and critically evaluate its role in the twenty first century.

Communication in the Twenty-first Century Essay

1694 words - 7 pages to the democratic ideals upon which this nation was founded. In fact information is so important to this democracy that the Bill of Rights begins with the axiom of a free press. In countless countries throughout the world where fledgling democracies have attempted to flourish, those that would suppress freedom of speech, attack newspaper offices first because it is the intrepid newspaper reporters and editors who bring the news to the people. Now

Racism in the Twenty-First Century Essay

1040 words - 4 pages Rim Mekonnen Racism in the Twenty-First Century 1. Throughout the history of the United States, whites dominated society by making laws that limited the power of minorities such as Hispanics, African Americans, and Asian Americans. For hundreds of years, whites controlled minorities using laws and mind games to make sure these minorities never rose to threaten their control. In the 1950s and 60s, Congress passed laws to protect the civil

Economic Globalization and the Law in the Twenty-first Century

7734 words - 31 pages Economic Globalization and LawGlobalization and the development of new legal forms and regimes during the past half century have gone hand-in-hand. The term "globalization," and even its existence, are contested (cf. Robertson, 1992; Hirst and Thompson, 1996; Giddens, 1990; Sassen, 1996; T. L. Friedman, 1999). However, globalization is not new, it cannot be reduced merely to market integration, still less to the neoliberal political and economic

The Twenty-first Century Woman

1168 words - 5 pages the top things on their list. But with the twenty-first century women comes the twenty-first century problems. Many families are unable to stay as a whole and over time parents may drift away from one another meaning one parent is usually stuck with the money issues. With doctors being paid one of the highest salaries in the world and more women entering that field of work, the twenty-first century woman knows that if anything was to go wrong she

The Twenty-First Century Distraction

3413 words - 14 pages it? Because technology rapidly reinvents the world, changing people, culture, and society, individuals have been able to be more efficient and productive with their work time, therefore making time to engage in leisure-related activities. In the twenty-first century; however, technology is a “doubled-edged sword” slicing through once time-consuming tasks, but also distract people from responsibilities. One of the most profound negative

Violent Video Games in the Twenty-First Century: The Truth

1750 words - 7 pages that of the level of “Attila the Hun” (Cullen); video games as violent as Doom did not motivate this psychopath. Causes for teenage violence are profound and complex, sometimes delving into the rare mental case. In the twenty-first century, it is important to gather the facts and seek the truth amongst the fear and half-truths that are constantly being circulated. Violent video games, due to more substantial research have been deemed unworthy of

The Odyssey of the Twenty-First Century Society

773 words - 4 pages Foresight is an amazing ability. The following text will examine Stanley Kubrick’s film 2001: A Space Odyssey released in 1968 with our current society in the twenty-first century. Comparing and contrasting his foresight on the evolution on mobile computing, communications and space travel as seen in his film. Stanley Kubrick began writing his script in 1964 during the space race between the United States of America and Soviet Russia. The film

The twenty first century masculine feminist

1853 words - 8 pages roles. The twenty first century feminist is not a woman who wants equality between genders by being called passive or supportive. The new feminism is represented by a masculine feminist who embraces her femininity and is not afraid of being aggressive, assertive, independent, and competitive. In a male dominated world, being a masculine feminist has been the only alternative to be considered a leader and even though most societies have been based in patriarchal backgrounds, leadership is not a role only for men anymore.

The Value of Academic and Applied Psychology in Facing the Challenges of of Life in the Twenty-First Century

1545 words - 7 pages 120 Essay 2: Critically evaluate the value of academic and applied psychology in facing the challenges of life in the twenty-first century. (Increasing ageing population) This essay will be addressing the value of academic and applied psychology in facing the challenges of increasing ageing population in the 21st century. Ageing refers to the process of spiritual, mental and social changes in organisms; however, population ageing refers to

U.S. Automobile Manufacturing in the Twenty-First Century

1807 words - 7 pages relations will become very important when automobile industries increase the number of expatriate workers. How the human resource and managerial environments of automobile manufacturing firms in the twenty-first century differ from the same environments in the 1970s. During the 1970s, the automobile industry faced several challenges such as high interest rates, high inflation, and the energy crises (The Gale Group, 2013). In addition, global

Looking for Love in the Twenty First Century: Online Dating

2402 words - 10 pages Online dating has become a hot trend in today’s society with numbers of sites and memberships growing everyday. “First, individuals do no have to leave their homes or workplaces to date… Second, the anonymity feature of the internet allows individuals to participate privately in dating without the oversight of others or the fear of stigma. Third, interactive online dating allows customers to experience new forms of interaction… Fourth, online

Similar Essays

Critically Evaluate The Value Of Academic And Applied Psychology In Facing The Challenges Of Life In The Twenty First Century

1601 words - 6 pages relation to trading is supported by findings from Gurgul and Lach (2014). Gurgul and Lach examined the role of Globalisation in relation to economic growth in Central Eastern European (CEE) economies, comparing the growth between two decades. The findings revealed that the development of internet, television and trade in newspapers had a strong impact on economic development, with growth of foreign investment, reduction in import barriers and

Critically Analyse The Factors Involved In The Evolution Of Twenty First Century Midwifery In Victoria, Australia

2739 words - 11 pages Midwifery, being with woman however, the profession has been continouosly shaped by historical, social and political events. The following essay is a critical analysis of the factors involved in the evolution of twenty-first century midwifery in Victoria, Australia. In Australia until the early 19th century, midwives were the main carers during a woman's labouring until the intervention of medical dominance. Medical dominance and its oppression

Systems Thinking In The Twenty First Century

2688 words - 11 pages Systems thinking is an important factor in solving global problems. The twentieth-century has witnessed the development of a systems paradigm and different spheres of systems knowledge. However, further development of systems thinking necessitates overcoming the contradictions between different schools and unifying them into a single systems conception. With this in mind, systems problems are examined in light of the theory of knowledge. It is

Consumer Culture In The Twenty First Century

1350 words - 5 pages perceived by others in society. Twitchell states in his article that the American Century will be the next era and that it will likely be the commandeer of the 21st century. So basically American culture is well on its way to being recognized and used by cultures all over the world. It will soon be the new world culture. Korten states that the United States has been the world's most aggressive national proponent of economic growth and consumerism as the