Impacts of WTO on Trading Countries Essay -- essays research papers f

Impacts of WTO on Trading Countries     Inter state of matteral trading has had its delays and road blocks, which has created a number of problems for countries around the world. Countries, fighting with one other to get the better deal, create tariffs and taxes to maximize their profit. This fighting leads to bad relationships with competing countries, and the dinky producing countries get the short end of this stick. Regulations and organizations have been established to help everyone get the outperform deal, such as the humankind Trade Organization (WTO), but not everyone wants help, especially from an organization that seems to help only the big countries and those they want to trade with. This write up will be discussing outside(a) trading with emphasis on national sovereignty, the World Trade Organization, and how the WTO impacts trading countries.     To understand how the World Trade Organization impacts international trading an d national sovereignty, we must know what they are and mean to countries. All countries must trade to sustain their people and to get the products they need. It is a known occurrence that certain countries have what other countries need/want whether it is natural resources, labor or consumer products. Trading though needs to be regulated, because bigger countries can toughie smaller less experienced countries. Countries are looking to get the most profit necessary, and with out regulations some countries could take what the need. National sovereignty is when a nation has complete rule over its country or the region in which it controls. When international trading comes into play, that nations rule can change, or be changed, to better fit trade agreements, taxes/tariffs, and the sort. National sovereignty is usually bent, even if just a little, to abide to companies within their nation and other trade partners.     To discuss how the World Trade Organization imp acts international trading and national sovereignty we must first explain what it is and why it was established in the first place. The World Trade Organization is designed to create the rules involved with trade. These trading rules include all countries, not just the US, and can therefore be a little tricky at times. "The WTO establishes a framework for trade policies, it does not define or specify outcome... ...end of the stick seem to be the small farms, developing countries, topical anesthetic communities and the environment. The WTO isnt a perfect organization by any means, but it does try to regulate tariffs and taxes and occasionally does end up helping a fewer poor countries out. Without the WTO, would the world be a different place? America needs it, this much we know, but do all the other countries? Many protestors would make out that no, the world does not need the WTO and everyone should stick to its own domestic issues. However, others might say yes, the WTO ca n be of some use when dealing with particularly hostile countries that might not have a chance to trade with anyone else otherwise. In either case the facts have been shown on what the WTO is, why it is here, what it does and how it effects trading. Works CitedBagwell, Kyle & vitamin A Staiger, Robert W. "A Theory of Managed Trade," American Economic Review. 1990. American Economic Association, vol. 80(4), pages 779-95.Hoekman, B. The WTO, the EU and the Arab World Trade Policy Priorities and Pitfalls. Centre for Economic Policy. 1995. CEPR. Paullier, Juan. In Depth I World Trade Organization. Choike. 2004. 04/22/2005.