As the paper stresses many non governmental organizations that include many trade organizations and multi lateral forums, have recognized the need for a comprehensive vision on globalization. This has happened in other forums also that could represent the people of the world. World Trade Organization has its own view of the Globalization. While the other experts and researchers have their very own thought process on the issue of global village and globalization.
According to the report findings World Trade Organization promotes global trade; ethical global trade. With the increasing technological and political closeness of the countries the national boundaries are merging to produce one single working economy. The fall of the Berlin wall brought about an integration of Germany, as much as the Euro that brought about unified trading partnership between the European Countries. WTO heralds the coming together of all these practices that would include sub groups like the G8, BRIC (Brazil, Russia, India, China), and a number of multilateral forum primarily to work out consensus on the issues that plague the global trade. WTO works on the global trade sine globalization is more pronounced and felt in trade than on any other walks of life, let it be culture or sports exchanges. By bringing together a standard practice of trading code, the WTO aims at presenting a comprehensive Globalization that would bring in equality of all participants and fairness of trade for all stake holders of the planet. ...Show more