International Trade Essay -- essays papers

International TradeIn todays world thither are many issues in need of reformation, one of which is world-wide trade, otherwise known as globalization. Although there are a great deal of rules, regulations, and policies imposed on international trade, the manner in which those rules have been enforced is a major line that seems to be escalating day by day.At the center of the controversy is the valet Trade Organization (WTO). The WTO was established in 1995 in order to turn the General Agreement on Tariffs and Trade (GATT) into an enforceable global technical code. Critics of the WTO say that instead of being run democratically and in the spare-time activity of member countries, it has become the enforcer of corporate managed trade. A system whose morality are not in favor of the public interest, instead the emphasis has shifted to large corporations and making money. Profit is the motivating factor behind decisions do by the WTO. By looking at international trade from the sensible perspective, the WTO has not only failed to protect consumers, workers, and the environment, it has also acquired a number of opponents and protestors.late(a) issues concerning the WTO include President Clintons signing of a bill, which grants permanent shape trade relations to China and virtually guarantees them membership into the WTO. Not concerned with Chinas communist regime that abuses its workers, supporters of the bill call it a major victory for U.S. companies like Microso...