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Globalization and the WTO

Globalization and the WTO. 9 October 2013 by Sigrid Brevik Wangsness. Globalization. What is meant by globalization? Positive aspects of globalization Negative aspects of globalization In your opinion, is outsourcing a positive or negative development?. The WTO.

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Globalization and the WTO

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  1. Globalization and the WTO 9 October 2013 by Sigrid Brevik Wangsness

  2. Globalization • What is meant by globalization? • Positive aspects of globalization • Negative aspects of globalization • In your opinion, is outsourcing a positive or negative development?

  3. The WTO • What is the WTO? (Definition, membership, location, leader) • When and why was the WTO established? (What are the main objectives of the WTO?) • What do we mean by “rounds” (the Uruguay Round, Doha Round etc.)

  4. Development and Decision-making • Outline the historical development of the WTO until today. • Mention the main issues that GATT and the WTO have dealt with since the first rounds. • How are decisions made in the WTO?

  5. Advantages and Disadvantages • Mention some benefits of the WTO trading system (the example of China?) • Why are even some advocates of free trade critical to the WTO? • Why is the WTO detested by anti-globalists? • How would you sum up the results of the twelve-year trade talks of the Doha Round?

  6. Disagreements within the WTO • Which countries represent the main division within the WTO now? (Why was Roberto Azevedo chosen as the next head of the WTO – and not his Mexican opponent?) • What are the main causes of disagreement? • Comment on Russia’s entry into the WTO.

  7. Protectionism • Explain the title of the article “Protectionism alert” + the subtitle “A watchdog barks” • According to this article, which mistakes were made in the 1930s? • Recent positive examples of free trade • Examples of “the steady rise in trade barriers"

  8. Protectionism • According to the article “WTO warns against protectionism …”, how was the performance of the global economy (global trade) in 2012? • Comment on the 2013 global trade forecast of 3.3%. • Signs of hope for global trade in the near future? (Comp., p. 170)

  9. Protectionism • Explain why the author of the article calls the crisis in the euro zone the “biggest looming threat to free trade”. (Comp., p. 169)

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