World Trade Organization Case Scenario

World Trade Organization Is the World Trade Organization still effective and relevant in today’s global political economy? Provide at least one argument for or against it’s continued relevance and support it with evidence. Write a 270 words response to Ana Nickless:   Ana Nickless wrote: Although current WTO tariff reduction negotiations are hopelessly gridlocked and WTO regulations are filled with loopholes that still tend to benefit developed countries more than developing countries, I would argue that the organization is still relevant, primarily because the WTO is usually capable of settling trade disputes between members. Similarly, according to Cohn the WTO is also capable of “implementing and monitoring trade principles and rules”, or preventing member states from reneging on their trade agreements in the first place (p 232.) In contrast, Rodrik states that “the enforcement powers of the GATT were a joke,” which resulted in huge segments of the world economy being locked out of GATT trade agreements (p 73-74.) Although developing countries often benefit less than developed countries from WTO principals, rules, and court proceedings, I largely agree with Rodrik when he says “the problems that trade creates should be solved not by protectionism but through domestic policies that compensate the losers” (p. 88.) By implementing/monitoring trade rules and settling disputes, the WTO is providing a public good, without which we couldn’t dream of having nearly as much global free trade or reaping the enormous benefits of comparative advantage. Thus the  WTO helps to prevent free riders, and if countries could figure out how to orient their domestic policies to compensate their internal “losers,” standards of living would hopefully rise worldwide, albeit at different rates. Since according to Cohn the three main functions of the WTO are 1. to implement/monitor trade rules, 2. settle disputes among members, and 3. conduct multilateral trade negotiations, and since the WTO is on balance only failing at #3, I would argue that it is indeed still relevant in today’s global political economy (p. 232.)  References Cohn, Theodore H. (2016). Global Political Economy: Theory and Practice. New York, NY: Routledge. Rodrik, Dani. (2011). The Globalization Paradox: Democracy and the Future of the World Economy. New York, NY: W.W. Norton & Company.

So much stress and so little time? Take care of yourself: let us help you with your task on
World Trade Organization Case Scenario
Get a 20% Discount on this Paper
Get Help Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with Do My Homeworkk
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Other
Thank you! :)
Customer 452493, May 14th, 2022
Nursing
Good work, professional and beat the deadline. Thank you so very much
Customer 452445, August 24th, 2021
Other
Thank you!
Customer 452493, May 29th, 2022
Finance
Excellent. Thnk you
Customer 452443, October 22nd, 2021
Nursing
Looks good. Thank you!!!
Customer 452503, April 25th, 2022
Economics
Although the paper did not make it at the requested time, the writer did reach out to me and asked for a short extension which I was okay with.
Customer 452493, March 16th, 2022
Business Studies
I can't even explain how much your help meant to me. Thnk you always
Customer 452443, November 15th, 2021
National Security Intelligence and Security Analysis
Timeliness
Customer 452457, November 3rd, 2021
Classic English Literature
Much appreciated - thank you very much!
Customer 452493, April 13th, 2022
Philosophy
Thank you! Will definitely use the writer again.
Customer 452443, October 22nd, 2021
Leadership Studies
This is great! Thanks a bunch
Customer 452485, March 1st, 2022
Finance
Wow! I should never have doubted you guys. Thank you for the excellent grade
Customer 452443, August 27th, 2021
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Order your essay today and save 15% with the discount code ESSAYHELP