Investigation report on World Trade Organization Essay

Investigation report on World Trade Organization - Essay Example The goal is to help producers of goods and services, exporters, and importers conduct their business," (p.1). "Under the WTO's system of corporate-managed trade, economic efficiency, reflected in short-run corporate profits, dominates other values. Decisions affecting the economy are to be confined to the private sector, while social and environmental costs are borne by the public," Adding that, "In November 1999, the World Trade Organization's (WTO) Third Ministerial Meeting in Seattle collapsed in spectacular fashion, in the face of unprecedented protest from people and governments around the world. The WTO and GATT Uruguay Round Agreements have functioned principally to pry open markets for the benefit of transnational corporations at the expense of national and local economies; workers, farmers, indigenous peoples, women and other social groups; health and safety; the environment; and animal welfare. In addition, the WTO system, rules and procedures are undemocratic, un-transparent and non-accountable and have operated to marginalize the majority of the world's people," (Public Citizen, 2008 p.1). The WTO seeks to promote its services to the world trading community as a way to facilitate trading throughout the modern world.