Kent Jones
- Published in print:
- 2004
- Published Online:
- September 2011
- ISBN:
- 9780195166163
- eISBN:
- 9780199849819
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195166163.001.0001
- Subject:
- Economics and Finance, Economic Systems
Who is afraid of the WTO, the World Trade Organization? The list is long and varied. Many workers—and the unions that represent them—claim that WTO agreements increase import competition and threaten ...
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Who is afraid of the WTO, the World Trade Organization? The list is long and varied. Many workers—and the unions that represent them—claim that WTO agreements increase import competition and threaten their jobs. Environmentalists accuse the WTO of encouraging pollution and preventing governments from defending national environmental standards. Human rights advocates block efforts to impose trade sanctions in defense of human rights. While anti-capitalist protesters regard the WTO as a tool of big business—particularly of multinational corporations—other critics charge the WTO with damaging the interests of developing countries by imposing free-market trade policies on them before they are ready. In sum, the WTO is considered exploitative, undemocratic, unbalanced, corrupt, or illegitimate. This book is in response to the many misinformed, often exaggerated arguments leveled against the WTO. The book explains the reasons for the WTO's existence and why it is a force for progress toward economic and non-economic goals worldwide. Although protests against globalization and the WTO have raised public awareness of the world trading system, they have not, the book demonstrates, raised public understanding. Clarifying the often-muddled terms of the debate, the book debunks some of the most outrageous allegations against the WTO and argues that global standards for environmental protection and human rights belong in separate agreements, not the WTO. Developing countries need more trade, not less, and even more importantly, they need a system of rules that gives them the best possible chance of pursuing their trade interests among the developed countries.Less
Who is afraid of the WTO, the World Trade Organization? The list is long and varied. Many workers—and the unions that represent them—claim that WTO agreements increase import competition and threaten their jobs. Environmentalists accuse the WTO of encouraging pollution and preventing governments from defending national environmental standards. Human rights advocates block efforts to impose trade sanctions in defense of human rights. While anti-capitalist protesters regard the WTO as a tool of big business—particularly of multinational corporations—other critics charge the WTO with damaging the interests of developing countries by imposing free-market trade policies on them before they are ready. In sum, the WTO is considered exploitative, undemocratic, unbalanced, corrupt, or illegitimate. This book is in response to the many misinformed, often exaggerated arguments leveled against the WTO. The book explains the reasons for the WTO's existence and why it is a force for progress toward economic and non-economic goals worldwide. Although protests against globalization and the WTO have raised public awareness of the world trading system, they have not, the book demonstrates, raised public understanding. Clarifying the often-muddled terms of the debate, the book debunks some of the most outrageous allegations against the WTO and argues that global standards for environmental protection and human rights belong in separate agreements, not the WTO. Developing countries need more trade, not less, and even more importantly, they need a system of rules that gives them the best possible chance of pursuing their trade interests among the developed countries.
