The World Trade Organization (WTO) is scarcely ten years old, but it has already generated a mountain of debate, controversy, and outrage. Rulings on beef hormones and tuna-dolphin cases provide explicit examples of how the organization regulates into areas of individual consumer choice, ethical preferences, and cultural habits. The deep and far-ranging impact of the WTO on peoples' everyday lives means that it is not just an institution of interest to economists, but to everyone, a fact that was perhaps most graphically illustrated by the demonstrations that have become a regular feature associated with high-level meetings of the WTO. This book provides a carefully considered explanation of what the WTO is, what it does, and how it goes about executing its tasks, and gives a clear understanding of the mandate, structure, and functioning of the WTO that is essential to appreciating the controversy behind the organization.
The World Trade Organization (WTO) is scarcely ten years old, but it has already generated a mountain of debate, controversy, and outrage. Rulings on beef hormones and tuna-dolphin cases provide explicit examples of how the organization regulates into areas of individual consumer choice, ethical preferences, and cultural habits. The deep and far-ranging impact of the WTO on peoples' everyday lives means that it is not just an institution of interest to economists, but to everyone, a fact that was perhaps most graphically illustrated by the demonstrations that have become a regular feature associated with high-level meetings of the WTO. This book provides a carefully considered explanation of what the WTO is, what it does, and how it goes about executing its tasks, and gives a clear understanding of the mandate, structure, and functioning of the WTO that is essential to appreciating the controversy behind the organization.
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