The Wto on One Side with the Developed Countries

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The WTO on one side with the developed countries.

Developing countries want the right to vote.

2014

In the 21st century, trade is the most important element of economic growth and prosperity of each country. Historically established global trade began to develop at the end of World War II with the General Agreement on Tariffs and Trade (GATT, 1947) and contributed to the creation of sustainable economic and market relations between countries such as America, Australia, Europe, Japan and China over the next 60 years. After a while, well established as a union of 155 countries, the World Trade Organization aimed to create the favorable equal conditions for all members of the organization, began to put into doubt their intentions towards the less developing countries. (Ansong, 2013). During the last decade, the value of world exports and imports began to exceed $ 13 trillion. However, according to leading experts in 2002 to rich countries accounted for 63 percent of world exports, while developing countries implemented only 32 percent (Buckman, 2005). Despite the fact that the main purpose of the WTO is to disseminate the ideas and principles of free trade and the stimulation of economic growth of all members of this organization, many believe that the WTO does not help the majority of countries to be more prosperous, but only contributes to further enrich already rich and developed countries. Some experts also suggest that developing countries have very little impact on the WTO, and, despite the stated purpose of assisting such economically weaker countries, developed countries are focusing only on their own commercial interests.

In order to improve opportunity in trade abroad, developing countries need to get their voice and opportunity to influence the World Trade Organization by having equal rights to developed countries. It has been ubiquitously discussed in recent years that developed countries get more benefits and support from WTO that...