This is another factor in the collapse of the World Trade negotiations.
An encouraging sign is that measures are already in place to accommodate developing countries in the World Trade Organization system. One of these measures is Special and Differential Treatment. This means that developing countries are treated differently from developed countries in order to help them with compliance and other issues. One of the most important examples is that developing countries are provided with preferential market access through schemes such as the Generalized System of Preferences. Furthermore, developing countries receive time concessions and technical aid in implementing WTO Agreements.
According to the above, the main problem in the lack of focus seen in the World Trade negotiations is a basic lack of mutual understanding of the need to focus on the most important purpose of World Trade and globalization. Indeed, globalization can mean the upliftment of millions of poor in the world. Developed countries however need to understand the need for new paradigms in business. In conducting WTO conferences then, it is perhaps best that the focus should be cultivating this new awareness rather than focusing on the issues directly. The negotiations failed because there is a lack of mutual understanding between developed and developing countries. One could see this as a mental barrier to an understanding of the need for change. Developed countries are aware of the need for more ecologically sound practices in business. They are also aware of the need for poverty reduction. In World Trade negotiations,...
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now