Benefits of the World Trade OrganizationOne of the largest companies associated with globalization is the World Trade Organization. The World Trade Organization is the only international body that deals with the rules of trade between nations. Over the last half century it has evolved into an entity that contracts with trading in services, intellectual property and with its original intent of trading in goods. Today the WTO controls the majority of world trade across more than 100 countries, with more on the way. The World Trade Organization is economically beneficial and we should support its principles. The original and main goal of the WTO is to remove trade barriers between countries, which is one of the main ideas behind globalization. Anyone who knows a little about economics knows that trade is beneficial to a country as a whole. When free trade is allowed, foreign markets open up for domestic producers. It also opens up the possibility for foreign competition in domestic markets. This fact will lead to a reduction in the price of many products, to the benefit of the consumer. Trade restrictions harm consumers and this is a problem the WTO is charged with addressing. In the 1980s, when Japanese automobiles were rapidly gaining a foothold in the American market, the United States limited the number of imports from Japan, supposedly to protect the American market. worker. In response to this, car prices have increased significantly. If imports were allowed into the United States, this would undoubtedly have a short-term negative effect on the economy. All of this would change, however, when there was a change in the economy or American manufacturers were forced to make better products that would ultimately benefit the consumer. The long-term benefits, while difficult for many politicians to see, would benefit our country in the long run. The WTO also makes life much easier for companies that want to import raw materials from outside the United States to make finished products. Non-discrimination. If the WTO did not exist, then the United States would likely have different import tariffs applied to different nations. So if a company from the USA wanted to import a raw material it would not simply be a matter of...... half paper...... the numerous obstacles that only the largest companies are able to circumvent China. Therefore, all businesses working in the United States will have the right opportunity to extend their reach into China. China will also receive the same benefits once it joins the WTO and will be able to sell its products much more easily to member countries. This will help Chinese workers because member countries will tend not to buy Chinese goods if they know they were made in sweatshops or other places harmful to workers. The WTO will also recognize this fact and force China to provide better working conditions to its workers. The principles of the World Trade Organization should be supported and embraced. The WTO represents a big step in the right direction towards globalization. The long-term benefits of free trade far outweigh the only argument critics can make, namely the short-term economic losses. The WTO is structured so that each member country is treated fairly and, if not, can discuss and resolve disputes safely. The potential for new markets for all businesses globally is also great, and this in itself should be enough for anyone to agree with.