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The World Trade Organization (WTO) is formulated to maintain a smooth flow of trade among its member countries. The WTO has originated from the General Agreement on Tariffs and Trade (GATT), which was articulated to promote tariff-free trade (Wilkinson, 2013). These operations are performed through certain agreements that are binding to all its members. Although a majority of its member belongs to the category of less developed and developing nations it fails to distribute benefits equally among its members. Several studies indicate that the policies are biased towards developed nations. Additionally, the policy approach of this organization aims at increasing the trade volumes of the richer nations (Putte & Orbie, 2015). In contrast to this, the poorer and developing nations are worse-off. The productivity of the developed nations out-weighs the output volumes of the developing nations. As a result, the share of richer nations dominates the world market. This can be explained from the cases of subsidies provided to the farmers of the member countries. The agricultural subsidies support the developed farmers of richer countries to contribute higher yield in the global market. Thus, the farmers or harvesters of the poorer nations are threatened by the livelihoods of the richer farmers. This deepens the poverty of the poorer nations. Another example is of the $47 billion subsidies paid to the cotton farmers of the developed nations affecting the 15 million cotton harvesters from West Africa (Sneyd, 2015). This induced the farmers to the rollout of the business domain. However, supporters of WTO oppose the views of researchers.
Putte, L. V. D., & Orbie, J. (2015). EU bilateral trade agreements and the surprising rise of labor provisions. International Journal of Comparative Labour Law and Industrial Relations, 31(3), 263-283.
Sneyd, A. (2015). The poverty of ‘poverty reduction’: the case of African cotton. Third World Quarterly, 36(1), 55-74.
Wilkinson, R. (2013). The WTO: Crisis and the governance of global trade. Routledge.
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