What are the effects of the WTO on countries’ international competitiveness? What are its effects on MNE's?

Question

What are the effects of the WTO on countries’ international competitiveness? What are its effects on MNE's?

Answer 1

Some resources for you to use to answer these questions yourself; it's a mixture of pro and anti-WTO sites:

http://www.tradeobservatory.org/

http://www.intracen.org/

http://www.forbes.com/2006/03/23/free-tr...

http://www.wto.org/english/forums_e/stud...

http://www.europe-solidaire.org/spip.php...

Answer 2

In general, the WTO pursues a policy of encouraging free trade between states. this includes removing trade barriers such as dumping.

However, by now it is an inefficient organization burning up funds and producing few results. In theory, encouraging free trade should be economically and socially beneficial to all. However, wealthier states will exploit their position of absolute advantage in the production of most goods. This means that the economic benefits of trade are far reduced. Poor countries will grow poorer while rich countries will grow richer. Wealthy countries will often subsidize certain industries, giving such industries an unfair advantage as opposed to those of LEDC's.

Measures of free trade should favor MNE's/MNC's, while being disadvantageous for smaller enterprise. fore example, Nestle reaps huge benefits from being able to process cheap cocoa in Coté d'Ivoire, then transporting it to Europe. On the other hand, Coté d'Ivoire is now virtually unable to process its own cocoa as Nestle benefits from massive economies of scale against which domestic industry cannot compete.

Nyways thats just a very generalized description, hope it helped.

Answer 3

The WTO is part of the "unholy trio"  (WTO, World Bank, International Monetary Fund), of UN organizations to create slavery in societies to establish the final agenda: NWO.

It has a satanic agenda in nature.  Read more in the article below.

My 2 cents.