Thw WTO, Free Trade and Globalization.

Every one of us probably seen reports or heard something about demonstrations against globalization when international organizations like the WTO meet. One example was the G8 meeting in July 2001. We have to ask us the question why there are some people who protest against globalization and also against the free trade the WTO stands for. The main complaint and concern of these groups is unfairness. They say free trade is unfair, the low wages are …

…interests. Although the developing countries and economies have some disadvantages and not the same influence, power and treatment like the developed ones, they would be worse off without the WTO and if not now, in the future they will profit of free trade. The aim is to develop a good working free trade economy on the whole world without such inequality between some countries, but to achieve this every country has to make some sacrifices.