Preview

David and Goliath Case Study

Good Essays
Open Document
Open Document
803 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
David and Goliath Case Study
David and Goliath At The WTO
Case Study
1. Jay Cohen was a citizen of the United States and was charged for violating the Wire Wager Act of 1961, which prohibited using wire communications for betting within the US or between the US & foreign countries. Jurors were not moved by his basic defense that a foreign government sectioned what the US made criminal. He showed courage by returning to the US from Antigua, but he was still tried as guilty. Despite the WTO complained that international trade rules are allowed to override domestic laws and regulations, the US still defied the WTO and adhered to its domestic gambling laws. In a sense it was somewhat justified.
2. In the end, the US was given a year to comply with the WTO rulings. It could have done so in two ways. It could have changed its laws to permit cross-border Internet betting or it could have banned all domestic online gambling, specifically horse racing. The US did neither. Congress defied the WTO by passing the Unlawful Internet Gambling Enforcement Act of 2006 to block bank payments for online bets, with the exception of horse racing bets. So in the end, I do agree with all the decisions that were made.
3. The WTO seeks to facilitate negotiated agreements between disputants. When mutually acceptable agreements are not reached, member nations take their disagreements to the formal dispute resolution process. After a lengthy semi-judicial process WTO bodies issue a ruling. The WTO has no power to enforce its rulings. It has no police powers and no authority to fine its members. It can, however, give nations the right to retaliate against other nations that refuse to accept a WTO ruling.
Ordinarily, retaliation takes the form of imposing or raising tariffs on products or services. The nation harmed by another nation’s use of prohibited trade barriers can impose concessions equal to the damages it has suffered or continues to suffer while the other nation refuses to comply.
Antigua sought to impose

You May Also Find These Documents Helpful

  • Good Essays

    A simple glance at the front cover of Malcolm Gladwell’s “David and Goliath” reveals a few things about Gladwell himself; he’s authored numerous other works, he’s a national bestseller, and he has a fondness for routinely boring, stark white book covers. Just above the bolded title—a place most readers probably won't pay much attention to—typed in the smallest font on the cover, is a seemingly unassertive New York Times quote that is meant to highlight the book’s excellence. “As always,” it reads, “Gladwell’s sweep is breathtaking and thought-provoking.” But like most of Gladwell’s writing in David and Goliath, the abbreviated quote is meant to impress and excite without being properly committed to being honest. “What it is not, however,”…

    • 1008 Words
    • 5 Pages
    Good Essays
  • Good Essays

    After reading the David and Goliath at the WTO story, I felt Jay Cohen’s conviction was not justified. Jay Cohen was a citizen of the United States and was being charged with U.S. laws. However, he was operating the business in Antigua and Barbuda and followed all the rules and regulations to do so. He paid $100,000 for a business license, which was all a gambling entrepreneur needed. The Wire Wage Act of 1961 prohibited the use of, “’…a wire communication facility for the transmissions in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest,…

    • 296 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Pol 103 Study Guide

    • 1300 Words
    • 6 Pages

    The ICJ ruled in 2004 that U.S. courts must reconsider the cases of 51 Mexican citizens awaiting death sentences in the U.S. because the accused had not been granted all the rights required by an international consular treaty. The U.S. responded by withdrawing its consent for ICJ jurisdiction and found the U.S. was in breech of its violation.…

    • 1300 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Fugitive Denim

    • 946 Words
    • 4 Pages

    There are a number of ways of looking at the World Trade Organization. It is an organization for trade opening. It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other. The WTO was born out of negotiations, and everything the WTO does is the result of negotiations. The bulk of the WTO’s current work comes from the 1986–94 negotiations called the Uruguay Round and earlier negotiations under the General Agreement on Tariffs and Trade/…

    • 946 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    David and Goliath Essay

    • 2198 Words
    • 6 Pages

    Once a small fishing village with almost no natural resources, Singapore has flourished into a point of pride for the world. As Nicolas Berggruen, a famous French investor and philanthropist said, “Singapore was created out of the swamp, with a strong emotional idea: a safe place mostly for Chinese, but accepting other cultures and other races.” Singapore had been at a disadvantage for most of its early age, until the achievement of its first world status towards the end of the 20th century. Much of this success can be attributed to the first prime minister of Singapore, Mr. Lee Kuan Yew. Malcolm Gladwell in David and Goliath emphasizes the results when ordinary people confront giants and categorizes giants as, “powerful opponents of all kinds – from armies and mighty warriors to disability, misfortune, and oppression.” Singapore overcame such odds through the right decisions made by a key leader of this city-state through strong legislation, stringent laws and a favorable geographical location. Based on Singapore’s success, I agree with Gladwell that underdogs can use unconventional methods such as turning disadvantages into advantages. Economists might argue that Singapore’s GDP is lower than most leading countries which I agree with. However, when taking into account GDP per capita, Singapore ranks as one of the world’s most successful countries, proving its ability to turn its disadvantages into advantages. This is important because countries in Asia benchmark themselves against Singapore to judge how well they do, which in turn affects the rest of the world economically. They can also learn from Singapore as an example.…

    • 2198 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    The vocabulary words I chose are plummeted which means to fall or drop straight down and persuasive who is someone that is good at making another believe something through reasoning or the use of temptation. Both of these words apply to this chapter and throughout David and Goliath because all underdogs must use persuasion in order to challenge larger powers they are facing and if the strategy or method used by an underdog is not constantly assessed in comparison to the U-curve, then ultimately failure will occur.…

    • 705 Words
    • 3 Pages
    Good Essays
  • Good Essays

    At the moment China decided to appeal to the WTO decision that favored US. China´s Minister of Commerce argues that the Americans have broken the Subsidies and Countervailing Measures Agreement and the General Agreement on Tariffs and Trade.…

    • 933 Words
    • 4 Pages
    Good Essays
  • Good Essays

    David And Goliath Essay

    • 791 Words
    • 4 Pages

    The story of David and Goliath is one which is well known for exemplifying what it means to be an underdog or to work through disadvantages. The story pits a duel between David, a small peasant farmer, and Goliath, a tall, strong, soldier who knows his way around hand to hand combat. Knowing this was Goliath’s specialty, David takes a different approach and decides to use a slingshot as his weapon instead of a sword as Goliath had expected. Not only does this catch Goliath off guard, but it also exploits Goliath’s weakness of a slow reaction time and gives David a fighting chance without going close enough to Goliath to risk his life. The story concludes when David kills Goliath with a rock and wins the duel for his people. Though disadvantages are not always this cut and dry, the moral to the story…

    • 791 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    I think the WTO was not given authority to charge individual counties because the temptation to abuse such power in favor of one’s own country would be too great. It would be too easy for a corrupt government official to issue policies that favor there country at the expense of others.…

    • 412 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Wto vs Rei

    • 8107 Words
    • 33 Pages

    This study deals with the complexities of global and regional trade. We primarily deal with two groups of organizations- The World Trade Organization (WTO) and Regional Economic Integrations (REIs)- evaluating their strengths and weaknesses in terms of trade tariff, quotas, trade dispute…

    • 8107 Words
    • 33 Pages
    Powerful Essays
  • Good Essays

    Merits of the Wto

    • 312 Words
    • 2 Pages

    With a system as the WTO agreements that are so complex, it is expected that there are many critics. Some consider the effects that occur from decisions made out of these agreements as deliberate attacks on those Member countries that are not considered as “most favoured nations” or MFN (developing countries). The WTO addresses these concerns and view these criticisms as fundamental misunderstandings of the ways they work. The WTO is a forum through which countries can thrash out their differences on trade issues - individuals can through their governments, participate in these discussions or debates but must do so based on proper understanding of the workings of the system. These include; The WTO dictates policy; The WTO is for free trade at any cost; commercial interests take priority over development and over the environment and over health and safety; The WTO destroys jobs, worsens poverty, small countries are powerless in the WTO; The WTO is the tool of powerful lobbies; weaker countries are forced to join the WTO and The WTO is undemocratic.…

    • 312 Words
    • 2 Pages
    Good Essays
  • Good Essays

    eco assignment

    • 4632 Words
    • 17 Pages

    The WTO was born out of negotiations, and everything the WTO does is the result of negotiations. The bulk of the WTO’s current work comes from the 1986–94 negotiations called the Uruguay Round and earlier negotiations under the General Agreement on Tariffs and Trade (GATT). The WTO is currently the host to new negotiations, under the ‘Doha Development Agenda’ launched in 200Where countries have faced trade barriers and wanted them lowered, the negotiations have helped to open markets for trade. But the WTO is not just about opening markets, and in some circumstances its rules support maintaining trade barriers — for example, to protect consumers or prevent the spread of disease.…

    • 4632 Words
    • 17 Pages
    Good Essays
  • Good Essays

    Essentially, the WTO is a place where member governments go, to try to sort out the trade problems they face with each other. The first step is to talk. The WTO was born out of negotiations, and everything the WTO does is the result of negotiations. The bulk of the WTO’s current work comes from the 1986–94 negotiations called the Uruguay Round and earlier negotiations under the General Agreement on Tariffs and Trade (GATT). The WTO is not just about liberalizing trade, and in some circumstances its rules support maintaining trade barriers — for example to protect consumers or prevent the spread of disease.…

    • 747 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Wto and India

    • 8317 Words
    • 34 Pages

    The conclusion of the Uruguay Round of Multicultural Trade Negotiations brought the establishment of the World Trade Organization (WTO) on 1 January 1995. According to Article III.3 of the WTO Agreement, dispute settlement is one of the key functions of the WTO, The rules of the mechanism are laid down in detail in the Understanding on Rules and Procedures Governing the Settlement of Disputes in short: (Dispute Settlement Understanding; DSU) in Annex 2 of the WTO Agreement. The DSU has both incorporated the inherited concept of GATT Dispute settlement and it has codified the practices that had evolved previously into a consolidated text. In addition, it…

    • 8317 Words
    • 34 Pages
    Powerful Essays
  • Powerful Essays

    gatt assignment

    • 3934 Words
    • 16 Pages

    WTO is of a very recent origin, it came into formal existence on January 1st 1995. As an organization it has vast powers and functions than what its predecessor GATT (General Agreement on Tariffs and Trade) had, the objectives and goals of both being broadly the same. GATT came into existence in the year 1948, after long negotiations to form an organization called ITO immediately after the Second World War did not materialize. The ITO was supposed to be the third international organization in the "Golden Triangle" that was supposed to come into existence, the first two being IMF and World Bank.…

    • 3934 Words
    • 16 Pages
    Powerful Essays