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Posted May 15, 2001
Impact of globalisation on the world trade, which it is based on a single market and a liberal trade, is expected at the WTO, which has 134 member states and 31 applicant countries, to remove the whole trade barriers and subventions on the world trade. However during the Seattle round it was discussed that the advantage of the free trade and removal of the trade barriers would contribute to the welfare of the less developed countries because according to them; ¿in 1997 the richest developed 20 countries was realised 86% of the world production and the rest of the world only the13% of the total production. Developed countries obtained the 68 % of the direct investments and the other countries obtained the rest. Between 1980-1997 the growth rate of the developed 20 countries was above 4%, in 79 countries it was less than 3% and in 59 countries negative growth rate is observed. Between this period income of the labour force in 14 developed countries was 10 times more than in 113 countries.¿ Against to this it was stated by the EU that if it was possible to reduce the protection approximately ¿50% the production in the world could increase approximately 370 Bn.dollar, of which 60 % of this approximately 220 Bn. dollar could be distributed by the developing countries.¿ The results of the Seattle round it is planned to start preparations under way in Geneva in particular by continuing the process of alliance building and preparation for broader based negotiations. The Commission was detailed before Seattle for concerning the transparency of WTO activities. Democratic control of work at the WTO and also to join with developing countries in deliberating on convergence between the activities of the WTO and the other institutions ¿to ensure that trade liberalisation leads to sustainable development of all developing countries starting with the poorest populations.¿Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.