Why does the World Trade Organisation like globalisation?

Answer 1

Because it is better for business... the jobs market works just like any other market, the more people you have competing for jobs the less companies will have to pay people to do those jobs... basic economics, competition lowers prices; competition among workers lowers wages and globalization allows the whole world to compete for jobs instead of just the people in one country or economy... this isn't necessarily a bad thing because when it costs a company less to make a product they will sell it for less and effectively pass on their "globalization savings" to the consumer...

Answer 2

It's not called World Trade Organisation for nothing. Globalisation helps business and keeping the oil flow.

In fact if I were to make my own Confederacy of Independent Systems from Star Wars, I would recruit them to help me create my evil robot army.

Answer 3

The WTO likes globalization because it has been the most successful means of lifting considerable amounts of the world out of poverty. Based on pure material wealth, since the era of globalization began after WWII the number of people around the world living in poverty has fallen and the number of people living in industrialized and post-industrialized societies has exploded.

Now there is an ugly side to globalization sometimes like the exploitation of workers in third world countries, but this as nasty as it is, just shows the nation in question is going through a stage of development that North America and Western Europe experienced many years ago. The industrial revolution was not pretty anywhere, but I think most people would agree after the transition life for most is a lot better.

Answer 4

You have the question backwards. The World Trade Organization is "merely" the enforcement arm of a treaty designed to promote global free trade. As such, it doesn't "like" anything, other than the rules established in that treaty. The proper question is why did the member countries create a system that aids globalization.

Answer 5

World Trade Organisation: WTO was created out of the UN frame work in GATT talks after the Uruguay round started at Punta del Este, Uruguay and ended at Marrakesh, Morocco when GATT economic ministers met and issued a paper called: "the final act" which is about a phone book thick. It also created WTO with its first ministerial meeting in Singapore in 1996 (which I was there).
Having outlined the creation of the organisation, it should not be a wonder that why WTO is in favour of globalisation, as it fore fathers was creating it out of the idea of free trade. In absolute term, international economists favour free trade as it would allow a nation to be able to consume what it cannot produce, or produce in not a comparative advantage way. Free trade, according to the theorists, will allow global allocation of resources in the most efficient ways. The GATT rounds of talk adhere principally to the idea of ridding off the trade impediments in a way of standstill and rollback, meaning existing free trade impediments in term of tariff and non-tariff barriers would not be more from the existing and reducing in time.
These tariff and non-tariff barriers to free trade is perceived by free traders as trade distortion that which allow the nations that miss-allocate their resources in production to temporarily safety of production by means of protectionism.
Hope that helps.

Answer 6

Free Trade equals more business, more money, more wealth ect...

Nothing wrong with globalisation; the one's that don't try to turn back the clock, end up being peaceful... And that's huge progress knowing what happened last century!

Answer 7

the fundamental principles are noble,..the reality is that globalization and capitalism and the economics of to day is corrupt,..the us has become the highest poverty populous of the industrialized world,..they lend money to poor countries that they have natural resource interests in and they know the countries will not be able to repay the debt so they take of the natural resource that could have helped those countries when it comes time to repay,..they sling propaganda like the local pizzeria,..although they will never attain world domination they will make every possible attempt in frackin' you over (for the battlestar galactica fans out there),..the debtor is slave to the lender,..world indentured servitude is what they seek,..the true communism will prevent this, if everyone can get the blinders off,..

i e a e,..
unificationist,..

Answer 8

Globalization increases global connectivity, integration and interdependence in the economic, social, technological, cultural, political, and ecological spheres. Globalization is an umbrella term and is perhaps best understood as a unitary process inclusive of many sub-processes (such as enhanced economic interdependence, increased cultural influence, rapid advances of information technology, and novel governance and geopolitical challenges) that are increasingly binding people and the biosphere more tightly into one global system.

Answer 9

Because it makes rich people richer.

Justifies slave labour.

Reconciles human rights abuses.

Means everything is simpler - does it make MONEY - then thats OK by me!!!!

Lets them fill shops Worldwide with the same overpriced, poorly made, homogenus, generic garbage to feed the World lust for consumer fodder.

Answer 10

Maybe because globalization, promotes world trade?