Wto And Its Effect WTO-World Trade Organization

[illusion 0]

WTO - World Trade Organization, simply means, Survival of the fittest. All the week economies, if sign this agreement, will flood away with the economic giants, and will become servants for ever, as the only way left for them will be TRADE, and they will not be able to use even their own resources for themselves![details about WTO - https://www.wto.org/] please i need a complete discussion, help.

[arunkumarhg 0]

Hi illusion,Gr8 discussion to b started. Yes i am aware WTO's prons and corns. Cool i will support in every manner.ARun

[Josh_Jpn 0]

I disagree, I think it would have the oppisite effect. The economic gaints would the ones disadvantaged by the WTO. Given that both the costs of labor and the costs of capital assets(Land and buildings) are much lower in poorer economies. It would be in the best interest of a company to move there production facilities to the poorer economies, costing the richer economies many lower paying jobs. At frist they might have to pay high costs for middle-management to be brought to the poorer economy. Eventually though the companies would train local people for middle-management positions, rising up the salaries and education of local people. Costing the richer economies middle-management and technology jobs. Eventually the richer economies and poorer economies would come to some sort of parity where their costs would be equal. Of course in the end those who own the companies would have become extremely rich. Two economies that are good examples of this are China and India.

[illusion 0]

Hmmm Josh... Its the poorer econimies who'll suffer from WTO... Not the Rivcher economy.. The only benefit which the poor countries will get they will get excess to more Markets.. and U talking abt the cost of production... the oNly benfit which these countries get is the Low cost of labour and abt the capital cost u r wrong.. capital cost is 100 times more then that of well established countries..lets talk if WTO applies all over the world .. in poor countries where there industries are not well established ( they cant compete with that of Rich countries industries).. bcoz there cost of prodecution is much higher bcoz of HIgh cost of machineries....and Rich countres can easily ruined poor countries.. and thee countries will bcome parasites...

[Josh_Jpn 0]

>>>capital cost is 100 times more then that of well established countries.This may be true if the poorer country had to produce it's machinery from the basics. In most cases though I would imagine that a company would purchase it's equipment from it's own country or another country and ship it to the poorer country. So the cost of Machinery would only be higher by the amount of transportation costs to ship the Machinery. A good example of this is automobile and computer manufactoring. In the case of a automobile, Mamelodi, South Africa would be a good example of this.As for >>>Rich countres can easily ruined poor countries.. and thee countries will bcome parasites...Rich countries are already doing this to the poorer countries and because there is a lack of international organizations to deal with this. Many of thier stories go unheard and the poorer countries are without a voice. In WTO aleast they would be able to call a tribunal and bring some attention to their stories.Which brings up the biggest of WTO's flaws, even if a tribunal finds in favour of a poor country. Rich countries have the ablility to disregard WTO's ruling if they feel the Judgement is unfair, whereas; the cost to a poorer country for disobeying a WTO ruling could have serious economic effects on the country. An example of a country disgarding a WTO ruling is the USA in USA vs Canada: Canadian Softwood Subsidies. So unless the WTO can find a way to insure one of it's ruling is followed, there is no real point of WTO, as in this manor it could be used as an economic weapon against poorer countries.

[illusion 0]

Ummm.. this has also some sideeffects as well as some GOod Points whcih goes in its favour...... but by the way.. when its coming???? I mean around the world ...if u know then plz .. write here

[shahidiimran 0]

yeah you people are right, WTO is death for some countries which are not so advanced, so instead of going into WTO they must form sometype of organizzation and trade within the countries of member of that organization, otherwise that wil be problem for them....but dont think like you are doing, the super natural force which is feeding us already gave us the chances again, our responsibility is to avail them, best of luck to all of you....

[chris1234 0]

WTOwell if you do a deal with an american company/government you will defineltly not get a good deal, same with israel. Do a deal with the arabs! haha who can you deal with these days?The whole reason for dealing is so both sides are better off through comparative advantage, trouble is in SOME poorer countries the Govenrments and officials are extremely corrupt and siphon off all the monies through their scams, leaving themselves filthy rich and countries paying the price. this is often why poor stay poor even after tonnes of aid and trade. Without trade most countries will suffer badly.I agree with globilasition, look at the advantages in productivity microsoft has brought us all. thats all for now folks

[wwheeler 0]

I am moving this post because it has no relation to religion or philsophy.