What do you think about the World Trade Organization?

The WTO (World Trade Organization)?

• What are some of the main disadvantages, of the WTO(World Trade Organization)? Particularly why and how is the WTO biased toword powerful countries .... I tried looking it up online but I don't understand what they are saying. I do under stand that the WTO gives a little too much power to powerful contries, like the U.S. by letting them control the meetings(i think) unlike the GATT. But the other things i don't understand... Should the WTO be eliminated? and replaced with smaller trade agreements? Can some on please help me? Thank you.

• Answer:

  one thing... trade could be related to any factor of economy as a whole such as wages, technoology, etc etc... and wto is supposed to solve it all or help to solve it all while it is only mere-500 people organization.. wto is trying to run the global trade according to comparative advantage, but political procedures are never easy to go. for example, the subsidy on agricultural products and quota/tariff on textiles from the us government is perhaps against the rules, but politicians and americans love it... so, what's happening in real world is high tech stuffs are exported by rich countries, but agricultural products are not really imported by those rich countries from developing countries... and when us and euro were controlling the meetings, until uruguay round, meetings went as they almost wished... but setting up wto by uruguay round made them lose powers by signing such agreements that made them weaker by doing "illegal" things like subsidies. this is the very reason why the doha round never ended, since developing countries were protected by the written agreement on wto and they formed alliance among each other against us and ero... wto's reason for existence is right, but they have to understand that trade is sensitive to almost everything in the ecnomy... to have a good flow in trade agreements, us and euro should give up to the agreements they signed with wto and members, or wto should become stronger... the fact that it's not strong enough compare to the us and euro makes it more problematic.