The World Trade Organization believes an open market for international trading will increase economic growth and development around the world. While there is gain to be made by multinational corporations, the developing world is not seeing the level of economic growth that it was promised. There is a growing concern that environmental measures are not supported by the WTO as it has done little to actually promote environmental protection. With water resources being depleted and agricultural lands being degraded, the idea of a global economy may not be the successful new world order it had hoped for. One reason for this is that there is not enough support among member countries, particularly those from the developing world, to make the multilateral trade system more environmentally friendly. The challenge is to green WTO rules in a way that is beneficial and therefore acceptable to developing countries. Although not many, there are some positive impacts coming out of international trade. The ability to share technology and sustainable practices throughout the world will hopefully encourage developing countries to implement environmentally friendly practices once their economies begin to stabilize. Despite its many flaws and critics, the WTO will remain and will continue to reform its trade agreements as more pressure from environmental groups and environmentally conscious corporations and countries make themselves heard.
The World Trade Organization and the Environment
The World Trade Organization was created in 1995, replacing the General Agreement on Tariffs and Trade (GATT) originally established in 1947. The World Trade Organization (WTO), in simple terms, deals with the rules of trade between countries world-wide. The attempt to create a borderless world and a restructured global economy was developed by people who believe that open cooperation between major corporations in the industrialized nations will... [continues]
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