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C/P/317. Is the WTO biased in favour of the needs of richer countries at the cost of the poorer countries?
- WORDS:
- 1500
- DATE:
- 2010
- PRICE:
- 19.99 GBP
This paper examines trade between developed and developing states within the WTO, aiming to examine whether the organisation is in favour of the richer countries. The paper focuses on Most Favoured Nation (MFN) principle, describing the role of the law. The ways in which trade is fair and unfair is examined, and the paper discusses the ways in which states try to keep trade fair. The ways in which the WTO can be criticised is examined, and the paper concludes by discussing the principles of equal representation and transparency, and suggests why the WTO favours the richer nations at the cost of the worlds poorest.
KEYWORDS: Trade, World Trade Organisation, WTO, Most Favoured Nation principle, MFNL equal representation, transparency,
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