Activities of the WTO

The WTO has had very many activities in the aftermath of the Doha Round. First, WTO has been promoting the poor countries effort to trade while developing their nations. But the bottle neck has been in the protectionist policies that many member states have in place. The common understanding is that trade is only beneficial if the regulations are less so that citizens can improve their income levels and develop their nations (Zedillo et al. , 2005).

This understanding is not in anyway a hindrance for the nations to have policies to cushion their financial and fiscal positions on matters like exchange rates and tax brackets. Under such circumstances, it may be the prerogative of the governments to apply subsidies. The other concern for the involvement in the WTO activities is the costs. Therefore the richer nations feel lesser burden than the poorer nations. This situation arises because the richer nations especially from the Global North spearheaded the setting of the rules. (Zedillo et al.

, 2005) The second major activity of the WTO has been the campaign to stamp out preferential trade practices that are viewed by many member nations as being discriminatory. The motive of this campaign is to provide equal public good to all the member nations, at least in the short term. When such trade discriminations have been removed, it is expected that nations will be more efficient in their productivity and the multiplier effect of comparative advantage will be obvious. The public gains will be felt in the lower global consumer prices.

Therefore the main motive of WTO has been and remains, to remove the negative trade preferences for everyone’s benefit. It is however interesting to note how many WTO member countries are very aware of the consequences of preferences and yet they continue to propose and implement them. (Zedillo et al. , 2005) The third activity of the WTO has been to promote a global transparency policy driven culture. There have been concerns that many WTO member nations actively participate in negotiations and rule making yet they hold certain national trade policies close to their national interest.

This lack of transparency makes the WTO reforms process very difficult. WTO expects all nations to provide detail and duration of applicable polices on trade in order for workable designs to be modelled. When this is achieved, then nations can claim that the trade is truly liberalized; therefore aid can be safely sent to these countries. (Zedillo et al. , 2005) The fourth activity of the WTO has been in the promotion of aids to stimulate trade. This program involves all member nations. The idea is to remove market restrictions so that the developing nations can gain.

But this initiative is not expected to benefit the least developed countries due to their inability to invest enough to impact business. (Zedillo et al. , 2005) Method- This study will use the grounded literature review method, with a review of few WTO cases. The review will cover data and information on cost of Global South member states doing business in the WTO, Data on WTO aid for trade funds to the global south, development data on Global south member state in the WTO, freely available information on member countries trade policies and state of WTO membership over the last decade.