Poverty Alleviation, Economic Development and the World Trade Organization
Poverty Alleviation, Economic Development and the World Trade Organization
According to U nited Nations Conference on Trade and Development(2004), international trade can play a positive and important role in reducing poverty in developing countires.Therefore, poverty alleviation has strong correlation with economic development and international trade.Even though other political, social and cultural problems arethe causes of poverty, it is believed that the various causes are so complicated that no simple soultion is universially applicable.Also, although there were many strategies and international aid for developing countries, the majority of countries thar were underdeveloped fifty years ago still remain poor. (Lee,2006) Thus, Lee(2006) mentioned that
“the only lasting solution to the current poverty problem is facilitating economic development to create sustainable economies in poor nations.”The economic develoipment can provide developing countries eith adequate resources and sustain their living condition and decrease poverty. Therefore, the World Trade Organization International trade has become an important vehicle for successful economic development and poverty alleviation. But unfortunately, the current WTO system cannot do much to facilitate the economic development of those developing countires. Compare with the deceloping countries, United Nations Conference on Trade and Development (2008) concluded that “the developed countries continued to dominate gloabl economic activity and accounted for 71 % of global Grass Domestic Product in 2007 even though they only had 15 % of the world 's population.”
Therefore, in the first part, the causes of poverty will be identified.But the essay will mainly focus on the causes created by the current weaknesses of WTO system.In the second part, in terms of the decision making structure, resources and rules, several changes in WTO will be suggested to facilitate the economic development of developing countries and
According to U nited Nations Conference on Trade and Development(2004), international trade can play a positive and important role in reducing poverty in developing countires.Therefore, poverty alleviation has strong correlation with economic development and international trade.Even though other political, social and cultural problems arethe causes of poverty, it is believed that the various causes are so complicated that no simple soultion is universially applicable.Also, although there were many strategies and international aid for developing countries, the majority of countries thar were underdeveloped fifty years ago still remain poor. (Lee,2006) Thus, Lee(2006) mentioned that
“the only lasting solution to the current poverty problem is facilitating economic development to create sustainable economies in poor nations.”The economic develoipment can provide developing countries eith adequate resources and sustain their living condition and decrease poverty. Therefore, the World Trade Organization International trade has become an important vehicle for successful economic development and poverty alleviation. But unfortunately, the current WTO system cannot do much to facilitate the economic development of those developing countires. Compare with the deceloping countries, United Nations Conference on Trade and Development (2008) concluded that “the developed countries continued to dominate gloabl economic activity and accounted for 71 % of global Grass Domestic Product in 2007 even though they only had 15 % of the world 's population.”
Therefore, in the first part, the causes of poverty will be identified.But the essay will mainly focus on the causes created by the current weaknesses of WTO system.In the second part, in terms of the decision making structure, resources and rules, several changes in WTO will be suggested to facilitate the economic development of developing countries and