Is The WTO A Complicated Form Of Charity At The Expense Of The Wealthy Countrys?

Question

Is The WTO A Complicated Form Of Charity At The Expense Of The Wealthy Countrys?

Answer 1

The WTO is a mechanism of the rich countries to exploit the poor countries.

Answer 2

It is not a charity, think of it as buisness insurance for large multinational companies.

The ensure their long term growth by creating favourable business climates in developing countries.  Without these long term markets, share prices and returns of investment would fall.

It is also a way for developing countries to co-opt developing nations to "buying-into" free market capitalism.

You may  or may not agree with the economic effects in your own neighbourhood, but it does serve to create a favourable overall global marketplace.

At least in developing antions, we have the option to buy shares in the Wal-Marts and other transnational corporations and to profit from the collapse of mom and pop stores in North America.

Like any other Bureacracy, the WTO is neither good or bad, it is simply an extension of how things are in the 21 century.  There are always winners and losers in economics and business.  Sometimes the situation is even win-win.

Answer 3

You got it all wrong... the WTO doesn't benefit rich or poor countries as much as benefits large, multi-national corporations at the expense of small, mom-and-pop type businesses.  Why do small towns across the US have Wal-Marts while Main Street shops are closing?  Indirectly that may benefit entire country with, say, jobs (low-wage but jobs nonetheless), but it's really the owners of large corporations that reap the benefits.

Answer 4

It's scary reading these answers.  I suggest reading Adam Smith or any other Economist since.  More trade makes us all better off, period!

Answer 5

All the above answers are correct. The WTO makes it so that Africans trying to grow food can't make a living because subsidized agribusinesses in Europe and North America can flood their markets with cheap products.  It's all about helping secure the playing field for big corporations against the little guys.