The Only Thing Worse Than World Trade Organization Essay

731 Words Mar 29th, 2016 3 Pages
The only thing worse than World Trade Organization is no World Trade Organization. I view this statement as true in relation to the benefits brought to the agriculture sector due to trade liberalization of the World Trade Organization (WTO). One of the major oversights of the WTO concerns the implementation and creation of trade deals regarding agriculture products. Agriculture may not represent a great percentage of the economy today, but it still directly impact many and viewed as an important factor of a nations GDP. The concept of WTO is like other International governmental organization that relies solely on the cooperation of the state, as states give up part of their sovereignty to the IGO. IGO actions depend on the nation state, thus, making it ideal for realist to use IGO as a tool to maximize the nations self-interest. Industrialized nations are able to manipulate the IGO into benefitting their country more heavily, but developed nations national interest is also increased. WTO promotes free trade through its mandate to its member nations to modify or cancel its protectionism policy. The mandate of the WTO is to facilitate and encourage an open and interdependent global economy, through its policies and bureaucratic body. Realist are able to rationally embrace WTO as WTO is able to revolutionize the economy with its policy and goals, whilst, looking at the effect of the WTO has on agriculture and social development through trade liberalization, with both positive…

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