Abstract
Still in its youth, the World Trade Organization is struggling to deal with the rapid changes of the global community while remaining true to its key equity values. Its focus on economic integration for the world has created its share of critics and supporters, placing more pressure on the organization to complete its goals. This work examines how the organization's fundamental equity values—utilitarian efficiency, society opportunity, and individual liberty of states—has affected their policies and actions. It also examines the opposing opinions of the World Trade Organization, including the views of Bruce E. Moon, author of Dilemmas in International Trade, and Jagdish Bhagwati, author of Don't Cry for Cancun. These views demonstrate the organization's need to address the groups lobbying against its policies in order to live up to its primary equity values. The issue most hindering the organization's pursuits is the dichotomy between developing and developed nations within the organization, which is a problem that must be confronted for utilitarian efficiency and societal opportunity to exist. Developing countries must be given a chance to utilize their capital and succeed within the global economic system in order for free and open trade to be established amongst its members. These overdue improvements will aid the organization in staying true to its views on equity.
Recommended Citation
Hughes, Allison
(2010)
"The World Trade Organization: Equity Values in a Global Economic Community,"
Rollins Undergraduate Research Journal: Vol. 2
:
Iss.
1
, Article 14.
Available at:
https://scholarship.rollins.edu/rurj/vol2/iss1/14