1. Free Trade in the real World
Controversy over Globalization

2. 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

3. World Trade Organization (WTO)
Created (replaced GATT)
146 Members - incl. ~ 100 Developing Countries
WTO Reading Summary:
Administering WTO trade agreements
Forum for trade negotiations
Handling trade disputes
Monitoring national trade policies
Technical assistance & training for Developing Countries

4. WTO Decision Making
“The WTO shall continue the practice of decision-making by
consensus…
….where a decision cannot be arrived at by consensus, the matter at issue shall be decided by voting…each Member of the WTO shall have one vote.”
In theory, the WTO is a “democratic” institution.
Developing countries charge the power remains
in the hand of larger countries…

5. Protests against the WTO
1999 Seattle protest against the WTO

7. Who is watching the Environment? Negative Externalities?

9. Thomas Friedman on Globalization

10. Commanding Heights Video
Start 1:15 in

14. Next Day

15. How Globalization affects people differently
Vicky Al
Judy
Education
Job