With globalization shaping world events, states have become more interdependent on each other on economic, policy, and trade which have resulted in international organizations such as the World Trade Organization to become important players on economic and policy making processes in sovereign states. This web of interdependence has in some ways yielded undesirable effects that are detrimental to the sovereignty and economic wellbeing of nation states. This paper will look at the impact(s) the WTO has had economically and policy wise in countries that are transitioning from a centrally controlled economy and to the open market one. Using different contextual lenses, key issues will be analyzed and argued through the Constructivist, liberalist,
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Alice Landau asserts that the World Trade Organization has become a highly regulated regime that deals with a wide array of issues that have made negotiations extremely challenging. The overlapping of issues which have arisen because of complexity in negotiations have led to the formation of an interlinked pattern of relationships among member states (Landau, 2001). At the same time, there has been a debate concerning the ascension of states to the WTO membership with academics and other experts arguing that WTO poses a threat to the sovereignty and economic independence of countries that become members (Drabek and Baccheta, 2004). Furthermore, the WTO has been criticized for its interference on the cultural and social values of its member states (Drabek and Baccheta 2004), which is a valid point given that states in different geographical areas will for obvious reasons not have the same cultural and social values or traditions for that matter. Failing to take that into account is a failure on the part of the WTO because some countries in the developing world to incorporate a variety of elements into their negotiations or economic development …show more content…
These countries became members of this institution during their infant stages of democratization because at the time, they were transitioning from a centrally controlled economy and were trending toward trade liberalization and open market economy (Drabek and Bacheta, 2004). In the process, the WTO convinced them to eliminate their monopolies on foreign trade which injected competition into all sectors of trade. That ultimately weakened their bargaining power because the only instrument left at their disposal was the tariff which was effectively used countering the flow of imports and yet, they were not high or valuable
Alice Landau asserts that the World Trade Organization has become a highly regulated regime that deals with a wide array of issues that have made negotiations extremely challenging. The overlapping of issues which have arisen because of complexity in negotiations have led to the formation of an interlinked pattern of relationships among member states (Landau, 2001). At the same time, there has been a debate concerning the ascension of states to the WTO membership with academics and other experts arguing that WTO poses a threat to the sovereignty and economic independence of countries that become members (Drabek and Baccheta, 2004). Furthermore, the WTO has been criticized for its interference on the cultural and social values of its member states (Drabek and Baccheta 2004), which is a valid point given that states in different geographical areas will for obvious reasons not have the same cultural and social values or traditions for that matter. Failing to take that into account is a failure on the part of the WTO because some countries in the developing world to incorporate a variety of elements into their negotiations or economic development …show more content…
These countries became members of this institution during their infant stages of democratization because at the time, they were transitioning from a centrally controlled economy and were trending toward trade liberalization and open market economy (Drabek and Bacheta, 2004). In the process, the WTO convinced them to eliminate their monopolies on foreign trade which injected competition into all sectors of trade. That ultimately weakened their bargaining power because the only instrument left at their disposal was the tariff which was effectively used countering the flow of imports and yet, they were not high or valuable