Essays on How Firms Use the WTO and Its Rules to Their Advantage Literature review

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The paper "How Firms Use the WTO and Its Rules to Their Advantage " is an outstanding example of a business literature review. The WTO system according to Young (2013), encourages trade rules that are equally relevant to developed and developing countries in a similar way and are put into effect by a third party negotiation process to resolve any looming disputes. The procedures for WTO dispute resolution offer government of the member countries with a distributive approach that assists them to bargain trade barriers reduction aligned with their products. The developing countries have an extremely hard time protecting themselves in the WTO.

According to Chen (2014), the internal rules of WTO state that each member country has one vote, so a vote from a developed country is equivalent to a vote from a developing country. However, resolutions in WTO are not usually taken by means of a voting process, but instead allegedly by agreement, that is to say no agreement is achieved if all members are not in accord. What ensues, after that, is that the developed countries congregate and formulate the rules, devoid of considering demands of developing countries.

Usually the trade representative of the developed 20 rich countries, who subsequently invite a number of poor countries, whose governments are passionate cohorts of “ free trade” meet to make resolutions. Ying (2014) posit that it is through such top-secret meetings that agreements are struck, and afterward enormous demands is brought to manipulate and take advantage of other countries. The developed countries inflict their welfare on the developing countries, even though the latter are the greater part. In this regard, the report seeks to discuss and critically reflect the effectiveness of the different ways in which firms get their governments to advance their interests in the World Trade Organization (WTO). Government Policies Presently, the European Commission (EC) has set up fearsome barriers to defend its key companies from imports, and undoubtedly this has affected both the developing countries and United States.

A research by Oxfam topped EC for holding two-facedness with its trade barriers not in favor of farming imports from Africa and other developing countries.

References

Chen, G. (2014). Piercing the veil of state sovereignty: How China's censorship regime into fragmented international law can lead to a butterfly effect. Global Constitutionalism, 3(1), 31-70.

Daugbjerg, C., & Kay, A. (2014). A trade balance: litigation and negotiation in the World Trade Organization's dispute settlement system. Australian Journal of International Affairs, 68(1), 105-120.

Marel, E. V., & Dreyer, I. (2014). Beyond Dutch disease: when deteriorating rule of law affects Russian trade with and investment from advanced economies. Economics of transition, 22(2), 341-364.

Nielsen, L. (2013). How to Classify Countries Based on Their Level of Development. Social Indicators Research, 114(3), 1087-1107.

Ying, L. (2014). The Applicability of Environmental Protection Exceptions to WTO-Plus Obligations: In View of the China - Raw Materials and China - Rare Earths Cases. Leiden Journal of International Law, 27(1), 113-139.

Young, I. (2013). Industry welcomes WTO deal, urges tariff reductions. Chemical Week, 175(31), 17-22.

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