Testimony Heard by the World Term Paper

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Often, globalization brings rapid changes to a country, including some drastic changes in the economy that some countries may not be able adsorb. These experts note, "In the same way as industrialization disembedded the economy from the community, the process of globalization disembodies the economy from the state. The economy becomes uncoupled from the national interest and increasingly subjected to international forces"

Rice and Michael 172). If a country loses too much control of its own economy, it can be damaging or even deadly, and the WTO needs to monitor these economies, to make sure they can survive and thrive during times of growing globalization. In addition, many global markets may take advantage of much lower wages in growing countries, thereby keeping the foreign workers at the poverty level, while leaving American workers without jobs here at home. Since the WTO is now the administrator of all multilateral trade agreements (Hurrell and Woods 29); it is their foremost responsibility to make sure no country takes advantage of another in these trade agreements.

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In conclusion, globalization can lead to a better life for residents of growing countries, but it can also lead to problems that some countries may not be prepared to deal with. Just as last century's imperialistic techniques harmed many countries in Africa, Asia, and the world, globalization unchecked could be just as dangerous in the 21st century. The WTO must continue to manage global trade equitably and with strong guidelines for all participants. The moment that global trade tips the balance from growing country to global leaders, trade should be adjusted, or even stopped. The WTO should monitor this important responsibility at all times......

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