Globalisation is not the real problem

WTO (World Trade Organization)

The WTO is an organisation of member states primarily aimed at removing trade barriers by negotiation. It has a set up similar to the IMF and World Bank in that member nations vote according to contributions. The WTO grew out of GATT (General Agreement of Tariffs and Trade) which was the entity that grew from of the Bretton Woods conference. GATT deals with goods and produce, while the WTO deals with services and intellectual property.

The overriding criticism of WTO (with GATT) is that they promote free trade and that favours the powerful over the weak. The rich get richer and the poor get poorer.

Conclusion

The underlying issue is the White Plan signed at Bretton Fields in 1944. This agreement set up the IMF and effectively gave the management of the world economy to the United States of America by making the US dollar the world currency.

As a result of this countries who are signatories to the White Plan are at the mercy of American greed and mismanagement. America messes up and the world pays. It is time to pull out of the White plan and start again with a new world economic system that allows countries to take responsibility for their own affairs and that does not tie the world to the USA.

Globalisation is not, then, the real problem. The real problem is the form globalisation has taken since Bretton Woods. If the IMF, the World Bank and the WTO had any relevance at the time of Bretton Woods that time has long since past. The world has change out of all recognition since then. We need new world institutions based on equality to fit the needs of today's world. Hopefully these will be institutions that have the ability to change and evolve as the world changes and evolves.