The World Trade Organization Where It’s Been and Where’s It’s Going? Es

The World Trade Organization Where It’s Been and Where’s It’s Going? Even dating back to times of Aristotle there has always been some form of trade and along with trade came rules and regulations. In the time of Aristotle trading took place on a smaller scale and between people much like bartering. In the modern world trade is what makes the world function on a broader and larger scale. We have become globalized as a world and we now are engaged in free trade, among many countries. There still needs to be regulations for each individual country and for trade in general. For the past century the GATT (General Agreement on Tariffs and Trade) has been the one to deal with issues that would arise, between countries. The GATT wrote rules and regulations on things that were acceptable and not acceptable in the trade arena. Then about a decade ago at the Uruguay Round, the GATT was meeting and decided that there needed to be another organization to meet the needs and enforced the articles written by GATT. This is way the World Trade Organization cam e about. The WTO has come under both praise and criticism for the work that they do, these ideas will be further discussed in the pages to come. They have had issues brought to their table that have no doubt been hard, but they must try to please all parties involved using the articles of GATT. Pleasing all parties is impossible since the WTO must follow those regulations, therefore they cannot make all parties content. Today and in future, cases will continue to be brought to their table, where they are expected to give the best response based on the articles, but also on research and past cases. Countries have battled amongst each other as how to solve a problem such as The... ...ppen in the push for globalization and the fight against it. The WTO will have to become stronger players in world markets in order to help things truly progress. BIBLIOGRAPHY Diao, Xinshen, Terry Roe, and Agapi Somwaru. â€Å"Developing Country Interests in Agricultural Reforms Under the World Trade Organization.† American Journal of Agricultural Economics, v.84, no.3. (August 2003): 782-790. Wallach, Lori. Global Trade Watch. Whose Trade Organization? Public Citizen 1999, 19. Irwin, Douglas. Free Trade Under Fire. Princeton and Oxford: Princeton University Press, 2002. Josling, Tim. â€Å"Key Issues in the World Trade Organization Negotiations on Agriculture.† American Journal of Agricultural Economics, v.85, no.3. (August 2003): 663-667 Working Group on the WTO/MAI. â€Å"A Citizen’s Guide to the World Trade Organization† (July 1999): 1-28