The WTO is often vilified as an oppressor, favouring rich countries and companies over developing counterparts. Is this a fair assessment?

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The WTO is often vilified as an oppressor, favouring rich countries and companies over developing counterparts. Is this a fair assessment?

The World Trade Organisation is an organisation in which countries from all other the globe can commit to and then trade under, enjoying the many benefits such as a growing markets, rules and regulations which prevent unfair trading. In theory it allows every country to be on a level playing field.

“The WTO is a rules-based, member-driven organization — all decisions are made by the member governments, and the rules are the outcome of negotiations among members.” (WTO web-site)

The organisation is in theory liberating developing countries, preventing the more developed countries having dominance as a result of their sheer size and resulting force, and throwing their weight around. Unfortunately the latter appears to have occurred. With not just one country but a select few of the most developed countries having an overwhelming influence over some of the most important WTO’s decisions. They have seen the WTO as an opportunity to take control from the top, fully aware that their will be few substantial objections from developing countries from fear of repercussions, such as a decline in inward investment into their country and a stop in demand for their products.

It is not through the WTO’s preference that this has taken place, it appears as though they have little alternative other than to give a majority of power or at least show little resistance to their demands. They have within their boarders some of the leading markets in the world, what would the WTO be without them? It would have relatively little relevance in the overall world economy. An organisation consisting of developing countries would be a waste of time, any rules and regulations would simply prevent those countries from even having a chance of staying with in distance of the most powerful developed countries. This is not my own harsh criticism of the WTO, this is the general consensus amongst some of the developing countries representatives serving at the WTO conferences. There is a growing frustration that the US and the EU particularly the UK are having too much of a leading role in an organisation which is supposedly democratic. There are many examples of the WTO violating their own principles all of which need detailed examination to understand the cause of their frustration.

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        The two countries who I have concentrated on the most are the UK and the US; this is because they are the two who are the main culprits in the eyes of those being unfairly treated. A main source of displeasure is that of the sheer demands and amount of hours required at the conference with an average of 12 meetings a day all roughly starting at the same time. This may appear as a tedious complaint, however it is vital to have a representative at each and every meeting to put across their opinion and discuss their ...

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