World Trade Organization
organization that intends to supervise and liberalize international trade
The World Trade Organization is an international organisation designed by its founders to supervise and liberalise international capital trade.
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- Empirical evidence tends to show that trade liberalisation may entail non-trivial adjustment costs for certain groups.
- Osama Bin Laden and George Bush were both terrorists. They were both building international networks that perpetrate terror and devastate people’s lives. Bush with the Pentagon, the WTO, the IMF and the World Bank. Bin Laden with Al-Qaeda. The difference is that nobody elected Bin Laden... The United States supported Saddam Hussein and made sure that he ruled with an iron fist for all those years. Then they used the sanctions to break the back of civil society. Then they made Iraq disarm. Then they attacked Iraq. And now they’ve taken over all its assets.
- Arundhati Roy in The Shape of the Beast: Conversations with Arundhati Roy (2008)
- Ecofeminism was first published one year after the Earth Summit, where two important treaties were signed by the governments of the world: the Convention on Biological Diversity and the UN Framework Convention on Climate Change. There was no World Trade Organization. However, two years after Ecofeminism, the WTO was established, privileging corporate rights, commerce and profits, and further undermining the rights of the Earth, the rights of women and the rights of future generations. We wrote about what globalization implied for nature and women. Every crisis we mentioned is deeper; every expression of violence more brutal.
- When the wealthiest economies claim developing-country status, they harm not only other developed economies but also economies that truly require special and differential treatment. Such disregard for adherence to the WTO rules, including the likely disregard of any future rules, cannot continue to go unchecked.