World Trade Organization

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Presentation transcript:

World Trade Organization Controversy over Globalization

Road to Globalization Collapse of Communism (1990) & Advances in Technology World movement towards Capitalism National Government’s lose power Free Trade requires a set of “rules” WTO becomes Global Referee

World Trade Organization (WTO) WTO Created 1995, based in Switzerland (replaced GATT) 146 Members - incl. ~ 100 Developing Countries WTO Responsibilities: Administering WTO trade agreements Forum for trade negotiations Handling trade disputes Monitoring national trade policies Technical assistance & training for Developing Countries

Critics of Globalization Multinational Corporations

Who is watching the Environment? Negative Externalities?

Protests against the WTO 1999 Seattle protest against the WTO

Commanding Heights Video Part II Start 1:15 in

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