World Trade Organization Master - Essay Example

Only on StudentShare

Extract of sample
World Trade Organization Master

But, even after ten years, there still are many countries which haven't have the option to initiate a dispute. The system has been critically analyzed and the solutions have been proposed that DSM should break the monarchy and fear of developed countries and secure the developing.
Aninternational organization, theWorld Trade Organization(WTO) was designed to supervise andliberalize international was came into being on 1 January 1995. It is the descendant of GATT theGeneral Agreement on Tariffs and Trade, which was formed in 1947, and continued to operate for almost five decades as ade facto international organization.
Most of the academic literature, even in its more critical versions, tends to share this basic assumption with the designers of the DSM. The DSM is conceptualized as a legal system where the same rules apply to countries on an equal basis, and where cases are judged according to their merits. This principle is incarnated in the AB, which has developed a case law with this emphasis.
A final set of observations from this literature focuses on biases and inequalities within and between institutions managing trade, including the WTO in general and the DSM in particular (Busch and Reinhardt, 2003; Shaffer, 2003). ...
Download paper


The dispute settlement mechanism controls the trade conflicts between different member's countries and due to unequal distribution of influence between the developing and developed countries in multilateral trade negotiations and the changing of power relations over time…
Author : addison68

Related Essays

World Trade Organization Information
The legal documents of the WTO explore this idea and the individual obligations of member countries.
10 pages (2510 words) Essay
Bilateral Trade Agreements Master Essay
We shall employ the economic analyses of infant industry argument and some game theories such as the Tragedy of the Commons and the Prisoner's Dilemma to assess the effect of the possible trade between the two countries.
12 pages (3012 words) Essay
World Trade Organization Essay
This initial position by developed countries soon came under pressure from other members (especially developing countries). More recently WTO has focused upon the need to sustain an open multilateral trading framework, particularly in the light of the proliferation of regional blocs. In spite of some weaknesses and limitations of its strategies, WTO has benefited the economic growth of developing countries and involves them in free trade relations and international trade. The main question worried many nations and economists "Does WTO really promote free trade or just control the international...
9 pages (2259 words) Essay
World Trade Organization
All of that changed abruptly in 1994, when, contradicting earlier gloomy predicts, the 'Uruguay Round' of trade negotiations under the GATT ended in strengthening the international trading system, but also with an agreement to establish the WTO.
11 pages (2761 words) Essay
World Trade Organization College Essay
The impact has, however, been uneven. Developed WTO members have enjoyed expanded imports under GATT/WTO while there has been little impact of WTO membership on imports in developing WTO members. The role of WTO stimulating international trade is paramount, however, from the perspective of empirical evidence and economic models, WTO's role seems to be controversial in some aspects.
6 pages (1506 words) Essay
WTO (world trade organization)
Hence, the origin dates back almost a century ago. The mother of WTO was General Agreement on Tariffs and Trade (GATT) (Ministry of Commerce and Industries 1). GATT offered some basic trade rules for member countries. However, with time it grew to an influential economic powerhouse. The aim of GATT was to have efficient trade rules to have a stable and predictable world trade. As a result, under GATT there was a reduction of tariffs and formidable trade rules. The initial members were twenty-three countries that were known as Contracting Parties (Ministry of Commerce and Industries 1). The...
2 pages (502 words) Research Paper
Got a tricky question? Receive an answer from students like you! Try us!