In nine pages this paper examines the American economy benefits resulting from the US membership in the WTO in an assessment of pros and cons of its membership. Eight sources are cited in an annotated bibliography.
Name of Research Paper File: D0_MTwtoUS1.rtf
Unformatted Sample Text from the Research Paper:
Asia, it seems as though the Dow Jones Industrial in the United States will follow in the same direction when it opens some 12 hours later. A hot product on
one side of the world has every indication of becoming the same on the other. Because of technology and because of the way trade and the world economy is structured,
all nations economies are tied together. Even the smallest, least-developed countries have economies that are tied to the west. But has the U.S.
economy benefited from globalization? Has the U.S. benefited from membership in the World Trade Organization (WTO), the group that helps spur and promote international trade as part of its membership
mission? The intent of this paper is to help answer these two questions. Although on the surface, it might seem as though membership in the WTO is a positive, the
organization does have its critics and its problems with the fact that the United States is a WTO member. What is the WTO?
The United States was one of the worlds leaders in establishing the WTO, an international organization in which member countries negotiate agreements to help spur trade internationally (Barshefsky, 2002). Some
of these agreements can help lower trade barriers so that its not as expensive to either import or export goods into different countries In theory, these negotiated agreements help American
businesses - and business of other member nations - find new markets, create new jobs and, overall, provide a boost to the economy (Barshefsky, 2002).
Although globalization and international business seem to be brainchildren of the 1990s, the WTO actually has its roots further back, during the time following World War II (Trade