The paper "Nation-State Responsibilities and Roles in the International Trade Organizations" is a good example of business coursework. It was not too long ago when the world collectively felt the need to create a platform or an organization which can specifically focus on the layout of the international trade rules and regulations. This need proved to be an important indication for the people who had to go through many troubles in carrying out their mundane trade activities and that too was not up to the mark because of the absence of a proper linkage between countries all around the globe which eventually gave birth to these organizations that performed the required endeavor in a sustainable manner (Hobson, 2007). The history of International trade organization goes back in the year 1944 during the Bretton Woods Conference which mainly focused on the acknowledgement of the necessity of an international institution for trade matters that can eventually assist the International Monetary Fund and the World Bank.
However, this conference could not reach an affirmative conclusion or an agreement regarding the development of trade organizations (Hobson, 2007).
Eventually, after a few years, many countries came together to promote the need of a particular organization that can look after the trade ministries and trade relationships between the countries all around the globe resulting in the establishment of the ‘ World trade organization’ which adopted the rules and regulations enlisted within the ‘ General Agreement on Tariffs and Trade’ (Davidson & Matusz, 2004). In order to understand the role of international organizations in the development of international trade and relationships, it will be extremely important to understand meticulously the concept of a nation and a state as two distinct ideologies representing collectively a nation-state.
In my opinion and from how this should be perceived is that a nation refers towards the representation of a distinct culture and social communities whereas, on the contrary, the concept of state includes the geographical information and the representation of populations (Magee, 1980). Therefore, when we discuss both nation and state together with the ideology clearly is pertaining to the people who share a common language, culture, ethnicity and moral values. It is extremely important to understand the eminence of nation-states and how they began to proliferate during the nineteenth century and assisted immensely in developing these international trade and development organizations which have assisted in mollifying the trade relationships between the countries all around the world regardless of any political or cultural background (Magee, 1980). Nation-state responsibilities and roles in International trade organizations: In order to understand in-depth regarding what responsibilities and roles the nation-state governments have in the organization of trade regulatory authorities and institutions, we need to acknowledge the impact of globalization which has been introduced to the economic patterns all around the world.
It is believed strongly that Globalization refers to a concept that deals with the expansion of global connectivity, the development of social norms on a global level along with the proliferation of global awareness and consciousness to form a global platform or a society (Waters, 2001). However, economic globalization as an individual concept refers to the entire process involved in the growth of the world economy by extensive means of trade and productive investments. The notion of globalization also brings with itself a fresh economy that welcomes importing of goods and services along with capital exchange between different countries which assists immensely in the eradication of trade restrictions which involves tariff and quota removal on foreign ownerships (Davidson & Matusz, 2004).
The removal of trade restrictions helps welcoming many opportunities to project and promote national trade along with the recognition of investment potential. An increase in trading opportunities can expand the chances of an increase in the employment rate with the driving force of economic growth and productivity. With many merits of globalization, one should never look through the demerits if it that expands tremendously the possibilities of reduction in economic growth with a country’ s imports exceeding the exports increasing the dependency of a country on its import trade (Sjursen, 2000).
Andrew Mitchell and World trade law association, Challenges and prospects for the WTO, Cameron May, 2005
Carl Davidson & Steven J. Matusz, International Trade and Labor Markets: Theory, Evidence, and Policy Implications. W. E. Upjohn Institute, 2004
Frank William Taussig, International trade, Macmillan, 1927
Heinz Robert Heller, International trade, Prentice-Hall, 1973
John Atkinson Hobson, International trade: an application of economic theory, Methuen & co, 2007
Katrin Sjursen, Globalization, H.W Wilson, 2000
Lowenfeld .A, International economic law, Oxford university press, 2002
Malcolm Waters, Globalization 2nd edition, Routledge, 2001
Michael J. Trebilcock & Robert Howse, The Regulation of International Trade, Routledge, 2005
Paul Valentine Horn, International trade: principles and practices, Prentice-hall, 1951
Peter Gallagher, The first ten years of the WTO 1995-2000, Cambridge University Press, 2005
Philip Barrett Whale, International trade, Routledge, 1967
Qureshi. A, International economic law, Sweet and Maxwell, London, 1999
Rorde Wilkinson, Multilateralism and the World Trade Organisation: The Architecture and Extension of International Trade Regulation, Routledge, 2001
Stephen P. Magee, International trade, Addison-Wesley, 1980
World Trade Organization, Trade policy review, Bernan associates, 1999