Globalization : The World Trade Organization Essay

824 Words Oct 13th, 2014 4 Pages
The 1900’s were known as a time of advancements, whether it was the automobile or the beginnings of modern day electronics, as the technology industries grew, the world became smaller. Globalization was looked at as a good thing by some, and problematic by others; however, none of those critics could predict the massive change in policy that would ensue. One major industry was greatly affected due to globalization; this industry was trade. Many different agreements were put into place as a response to globalization. What started out as GATT, transformed quickly into the WTO, World Trade Organization. The purpose of the WTO was to effectively police the policies put in place by GATT in order to combat the new abuse by the many trade industries, caused by globalization. Many nations formed their own trade treaties with each other in an attempt to protect their own interests, interests that the WTO failed to guard. The World Trade Organization’s inability to respond to new international trade barriers caused many members to form separate regional and bilateral agreements in order to protect and regulate free trade.
When the WTO was formed, the world seemed simple, democracy ruled over all and the average person did not have to worry about their right’s being infringed upon. When China, a communist country, joined the WTO many issues arose. As the second biggest economy in the world, the Chinese government, making it extremely difficult for private companies to compete in their…

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