What are the negative aspects of WTO?

Answer 1

world trade organisation was established in 1995,world trade organisation sets rules for the global trade.It has 153 members.All decision are taken by consensus of majority but developed countries have learnt to use it for fulfilling their own needs.They frame laws which are beneficial for them and through which they could exploit the developing countries economically.The multinational companies of these developed countries establish themselves in developing countries and gain access to their markets.The developing countries blame WTO for intransparency and for following the decisions of advanced countries.

Answer 2

here's a brief summary i wrote up

1. The WTO Is Fundamentally Undemocratic

The policies of the WTO impact all aspects of society and the planet, but it is not a democratic, transparent institution. The WTO rules are written by and for corporations with inside access to the negotiations. For example, the US Trade Representative gets heavy input for negotiations from 17 "Industry Sector Advisory Committees." Citizen input by consumer, environmental, human rights and labor organizations is consistently ignored. Even simple requests for information are denied, and the proceedings are held in secret. Who elected this secret global government?

2. The WTO Will Not Make Us Safer

The WTO would like you to believe that creating a world of "free trade" will promote global understanding and peace. On the contrary, the domination of international trade by rich countries for the benefit of their individual interests fuels anger and resentment that make us less safe. To build real global security, we need international agreements that respect people's rights to democracy and trade systems that promote global justice.

3. The WTO is believed to be funding terroism

Mant WTO leaders have admitted to providing terroists with money for weapons and sexual interactions with afghany woman. Read more on Karrim. Nasser the serial pedifile and terrorist leader on wikipedia. He is brutal and wil hunt you done and rape your children

Answer 3

There are several criticisms of the World Trade Organization. One criticism is the role it takes over governing and implementing policy around the world. By being a world organization it implies that it should be democratic and it should be held accountable by the people of the world, or the very least the parts of the world of which it participates in. The WTO by and large is not democratic there are many closed door meetings, and there is no transparency to who runs the WTO or who makes the decisions of the WTO. In the WTO rounds in Cancun in 2003 the poorer countries refused to negotiate with the more powerful members of the WTO until they had an equal say in the issues being discussed behind the closed doors. The World Trade Organization is not the only institution that takes on the role of international governing. These criticisms can also be applied to the World Bank and the International Monetary Fund to varying degrees. Another criticism is the prominent role of neo-liberalism in policies of structural adjustment in the past few decades. In the 70s and 80s there was a large debt crisis due to proliferation of petrodollars to developing countries. Interest rates rose, and the once abundant oil supply receded. This caused many developing countries to go into massive debt and needed to be bailed out, and needed funds from the IMF and the World Bank. In order for these countries to get the money it needed it had to fulfill certain conditions by liberalizing their economy. The tenants of structural adjustment were: minimize the role of the state and cut back on social programs, privatization of many national industries, and open up trade by lowering tariffs and trade restrictions. These liberalization policies were put in place to increase the economy welfare of the countries while paying back their debts and structural adjustment policies were successful in increasing the economic indicators of wealth. The biggest controversy with structural adjustment was that it eliminated all the social safety nets, increased poverty in many countries, and depleted many countries industries. Government poverty reduction programs and the domestic food industry were also eliminated and countries became very vulnerable to the precariousness of the world market. Evidence of this can be seen in the recent food crisis in the summer of 2008.