The WTO has been hijacked by rich country interests, thereby worsening Essay

The WTO has been hijacked by rich country interests, thereby worsening the conditions of the sad in less prosperous countries - Essay ExampleTaking the case of Zimbabwe as case in point, one can see how the WTO seeks to exploit this resource rich bea of the globe for its mineral riches while at the same time rejecting the market value of finished goods or food that Zimbabwe is fit of producing (Baumberg & Anderson, 2008). As such, the relationship is only a one way relationship in which Zimbabwe, and many nations like it, are forced to sell their products at mooer prices to the richer members of the WTO. Further, even the goods that might exist to be traded on the global market are disproportionately priced and locked out of key global markets as a go away of the actions that entities such as the WTO engage. Yes, it must not be the understanding of the reader that such a station of raw material extraction and price flockting is somehow unique with regards to sub-Saharan Afri ca. Instead, the unfortunate occurrence of the matter is that developed nations around the globe utilize price setting and currency wars, as head as product dumping, to ensure that this particular approach to global supremacy and economic fountain are maintained at a systemic level. Further, taking the example of Burma, a nation that has only recently stepped out of military dictatorship, it can be understood that the WTO also seeks to take advantage of this nation not only with respect to its surplus of sporty labor but with regards to its agricultural exports. As a air result of the combined benefit of preferential trade, WTO member nations, specifically the wealthy ones, are subject to digest their own farmers a subsidy in order that they might be able to compete with the low cost exports of nations such as Burma. In such a manner, entities such as the WTO are able to exploit poorer/less developed nations by forcing them to sell the products that are desired at a dispose d(p) price as well as ensuring that they are not able to gorow their own domestic economy by subsidizing any industry or agricultural sector that runs the risk of being overtaken by the cheap exports that such a nation might provide to the market (Williams, 2001). One need look no further than the way in which heavy levels of subsidies exist throughout Western Europe and the United States in order to understand the way in which offenses maneuvers are continually engaged to ensure that the third existence is unable to compete with the first. As such, the take away understanding that can be provided from this brief abbreviation is the fact that the WTO is ultimately like any other organization is made up of a wide number of stakeholders (Antell & Coleman, 2011). Rather than determining that the WTO is brought to human ethics and should be dissolved immediately and forth with, the more reasonable and rational understanding that should be engaged is the fact that a disproportionate level of power and determinacy is given to those nations that hold the wealth throughout the global system enabling them to take advantage of the poorer nations and set prices rather than engaging in a level of true economic independence and cooperation. Ironically, this level of freedom and economic cooperation is the cornerstone upon which the WTO was originally founded. However, as can be seen from the preceding