What is the relation between WTO and globalization?

Question

what can u tell me abt WTO and globalization

Answer 1

From wikipedia - 'Globalization can be defined as the worldwide integration of economic, cultural, political, religious, and social systems.
There are several definitions, many of which mention the increasing connectivity of economies and ways of life across the world. While some scholars and observers of globalization stress convergence of patterns of production and consumption and a resulting homogenization of culture, others stress that globalization has the potential to take many diverse forms.
In economics, globalization is the convergence of prices, products, wages, rates of interest and profits towards developed country norms. Globalization of the economy depends on the role of human migration, international trade, movement of capital, and integration of financial markets. The International Monetary Fund notes the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions, free international capital flows, and more rapid and widespread diffusion of technology. Theodore Levitt is usually credited with globalization's first use in an economic context.'

The WTO is involved in enabling this to take place, and aims to mediate in disputes as well.



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Answer 2

The World Trade Organization deals with the rules of trade between nations at a near-global level; it is responsible for negotiating and implementing new trade agreements, and is in charge of policing member countries' adherence to all the WTO agreements, signed by the bulk of the world's trading nations and ratified in their parliaments. Most of the WTO's current work comes from the 1986-94 negotiations called the Uruguay Round, and earlier negotiations under the GATT. The organization is currently the host to new negotiations, under the Doha Development Agenda (DDA) launched in 2001.

Globalization is integration of economic, cultural, political, religious, and social systems. It increase connectivity of economies and ways of life across the world. Globalization stress convergence of patterns of production and consumption and a resulting homogenization of culture, others stress that globalization has the potential to take many diverse forms.

Answer 3

Wikipedia is an instrument of the NWO. all global bodies be it the World bank, The IMF The Bank of International Settlements etc are part of a NWO conspiracy to create a global feudal order - the WTO is no different - it deals with world trade.