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External Environment of Business - Essay Example

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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. Globalization brings in multiple dimensions to the stake holders in terms of unfair dumping of products in specific areas, free market economies on one end and controlled or regulated markets at the other. Either of them cause problems to specific groups of people and could kill the lives of millions of people like what it did to the textile industry of India during the eighteenth century when Britain dumped its goods there.

WTO wants to ensure that global trade that is at the heart of globalization to be free and fair to all concerned. Laissez faire is what WTO wants to promote. Free movement of goods and services across the boundaries of nations brought in through common governance. The economic globalization is the engine that is driving the process of globalization and the organizations like WTO. WTO wants to ensure that all the parties should be fairly treated and a long term vision of the planet is maintained. This is needed since for the current day gain, it is very often found that the long term vision is lost in many nations. In Indonesia, the smoke that masks the sun during summer has become a common place incident. The world has started ignoring the happening three years after the first time it occurred. Indiscriminate cutting of forests and land clearing are the major cause for the happening.

WTO aims at bringing in wood control by ensuring that for every tree that is cut at one end of the forest there is another tree planted elsewhere and the cycle of cutting and planting should be continuous and not destructive. It is not a question of moving over to the next forest but rebuilding and harvesting the same forest area. Social forestry has become the watch word of many a forest departments the ...Show more
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Summary

The world has been coming closer and closer with the rising population and improvement in civilization. In the 15th c it was the Spaniards and the Portuguese who changed the way the world was working. This paper will look at the multiple view points and contrast it with the views of Alex MacGillivary…
External Environment of Business
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