A critical analysis of the role and functioning of the World Trade Organisation (WTO) as it relates to Newland The WritePass Journal

A critical analysis of the role and functioning of the World Trade Organisation (WTO) as it relates to Newland Abstract A critical analysis of the role and functioning of the World Trade Organisation (WTO) as it relates to Newland ). The WTO Agreement indicates the condition that each WTO member should ensure compliance with its laws and regulations. A significant part of the commitments in this sector refer to the issue of reviewing and appealing administrative decisions. The WTO Agreement will prevail over Newland’s Constitution in terms of requiring a revision of the country’s laws and regulations (Daemmrich, 2011). Newland’s laws should be consistent with the requirements specified by the WTO Agreement. For instance, Newland may consider the opportunity to create tribunals or relevant processes for the review of all administrative actions (Milner, 2005). The implementation of national treatment and conformity assessment is required to improve Newland’s courts. The country may confirm that all laws and legislative aspects or tools pertaining to WTO provisions may be adopted. It has been reflected in the literature that most constitutions enable central governments with an opportunit y to regulate trade and commerce relations with other nations (Devuyst and Serdarevic, 2007). Yet, the interpretation of these legal provisions remains challenging and unclear. The wide objective of the WTO Agreement has become a complex factor. Newland is expected to describe its constitutional arrangements and thus its WTO obligations need to be applied in a uniform manner throughout the country’s territory (Van den Bossche and Zdouc, 2013). Impact of WTO Membership   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The full impact of WTO membership reflects in the promotion of peace between countries, handling of dispute by applying constructive thinking and in the idea that rules are established easier for all members (Devuyst and Serdarevic, 2007). In addition, free trade tends to reduce the cost of living by providing a wide range of choices to consumers in terms of products and quality. Other significant effects that may improve the economic performance of Newland relate to extensive economic growth, increased national income and appropriate governance which adhere to solid legal principles and standards (Milner, 2005). WTO membership can help Newland present a balanced view of trade policy. The focus is on balance in the international economic and political system. As a result, the country’s government would be better placed to defend itself against lobbying practiced by narrow interest groups (Narlikar, 2005). Emphasis would be set on trade-offs that represent the interests of all stakeholders in the economy. Newland should be committed to an independent judicial review as part of WTO’s paradigm for the governance of legal principles (Devuyst and Serdarevic, 2007). It is important to improve the body of legislation and judicial interpretations which could be achieved through WTO membership. Notion of State Sovereignty and Impact of Globalisation The traditional notion of state sovereignty refers to a non-physical entity present at the international legal system which is dominated by one centralised government. In accordance with international law, state sovereignty indicates that a sovereign state should have a strictly defined territory, permanent population and one government (Milner, 2005). However, the process of globalisation forces individuals to rethink this concept. Globalisation has presented a dual impact on the sovereignty of states. The framework of human rights has outlined a sense of obligation of the state towards its citizens. Yet, as a result of globalisation, the social contract has a welfare component attached to it (Narlikar, 2005). The process of economic integration facilitated through the mechanisms of trade and development as well as WTO membership has limited the provision of policy options to states. In turn, this aspect has led to countries’ diminished capacity to meet the expected economic and legal obligations (Milner, 2005). For instance, such countries may encounter difficulties in complying with essential legal standards and principles in the global context. The traditional notion of state sovereignty has been replaced by growing understanding of nation states as welfare states. Such shift of perception has indicated that the focus on welfare is a leading element of the global concept of sovereignty. In other words, the idea of state sovereignty has been subjected to changes over time. The focus is on providing social security to the citizens of these states (Daemmrich, 2011). This may be the situation in the state of Newland. Economic globalisation has demonstrated an increased scope which reflected in the economic and legal functioning of Newland. Essential aspects of economic globalisation include the devaluation of currencies, strict regulation of capital markets and substantial public spending which has led to significant public deficits (Dhar, 2013). However, WTO membership can guarantee Newland better integration of its trade and legal system. The country may take proper risks, open up its fiscal market and determine its own polic y outcomes. In an attempt to provide the most reasonable course of action to Newland, it is essential to explore the negative effects associated with the country’s WTO membership. It has been stated that WTO is undemocratic, as this institution lacks transparency (Milner, 2005). The lack of transparency is a serious problem to countries considering the inappropriate mechanisms of governance undertaken by different states. The WTO rules are prepared for corporations that have an access to the negotiations. Moreover, WTO usually undertakes actions to privatise significant services, including education and health care. Another negative effect of WTO membership is that this international organisation undermines national sovereignty and local decision making (Dhar, 2013). An argument presented in this line is that developing countries are prevented from the opportunity to create local laws. It can be argued that developing countries are in a more unfavourable position with regards to the legal system compared to developed countries. The requirement of being internationally competitive poses significant challenges to WTO members (Devuyst and Serdarevic, 2007). That is why Newland should outweigh the advantages and negative effects associated with WTO membership in order to make an adequately informed decision. Conclusion   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The present paper analysed the role and functioning of WTO as it relates to Newland. Numerous arguments in favour and against WTO’s dominant role in international trade and development have been introduced (Narlikar, 2005). The prevailing function of the WTO Agreement has been discussed in the paper along with the full impact of WTO membership. Other important sections of the paper included the notion of state sovereignty and the impact of globalisation (Devuyst and Serdarevic, 2007). It has been argued that the process of globalisation has altered the way in which nation states function and regulate their trade. Yet, it has been concluded that Newland may benefit from WTO membership if it strictly adheres to essential economic and legal principles outlined by the international organisation. References Daemmrich, A. (2011). ‘The Evolving Basis for Legitimacy of the World Trade Organization: Dispute Settlement and the Rebalancing of Global Interests’. Harvard Business School. Working Paper 12-041. Devuyst, Y. and Serdarevic, A. (2007). ‘The World Trade Organization and Regional Trade Agreements: Bridging the Constitutional Credibility Gap’. Duke Journal of Comparative International Law, vol. 18(1), pp1-75. Dhar, B. (2013). ‘The Future of the World Trade Organisation’. ADBI Working Paper. Matsushita, M., Schoenbaum, T. J. and Mavroidis, P. C. (2006). The World Trade Organization: Law, Practice, and Policy. Oxford: Oxford University Press. Milner, H. V. (2005). ‘Globalization, Development, and International Institutions: Normative and Positive Perspectives’. Review Essay, vol. 3(4), pp833-854. Narlikar, A. (2005). The World Trade Organization: A Very Short Introduction. Oxford: Oxford University Press. Van den Bossche, P. and Zdouc, W. (2013). The Law and Policy of the World Trade Organization: Text Cases and Materials. Cambridge: Cambridge University Press.

Conditions of the working class in Industrial Revolution essays

Conditions of the working class in Industrial Revolution essays In the history of the world, Industrial Revolution was first started in England in the 18th century. Beginning of the machine age, small firms produced most of their needs by hand and by hand made tools. During the second half of the 18th century, changes took place, which gave a new turn to the techniques of production, with industrial based economic- system being the result of industrial revolution. The agrarian revolution provided sufficient number of laborers required for the working in the factories. The stable Government and the control of the Government in hands of the capitalist class thus resulted in the growth of the industry in England. During the period of infancy of the Industrial Revolution, England was considered to be a place where whatever statistics available showed that the production of all commodities increased tenfold. The volume and amount of sales increased considerably and the profits to the owners were enormous. But this was not the rosy picture of the large section of the working population who were toiling throughout the day, and dwelling in unhealthy conditions. Even though a division of the rich and the poor were not new, but with the introduction of the machinery and factory system, the division became even more strong-with the rich becoming richer and the poor even more poor. The machinery, which was supposed to lighten labor, created increased sufferings for the working masses. This was because they created longer working hours, since the owners wanted to optimize the utilization of the machines-which represented greater investment of capital, and so must not be left idle, and which was thought that with the new inventions occurring the machines might even become obsolete. Along with the longer working hours, the workers were always under strict supervision with...

Teen suicide research paper Example | Topics and Well Written Essays - 1500 words

Teen suicide - Research Paper Example These changes are known as clinical depression. The symptoms that lead to depression show lack of sleep, outburst, overwhelming sadness, changes in physical activities and suicidal thinking etc. Moreover, sadness is considered as a normal reaction when an individual is disappointed in life. Likewise, it may become an alarming situation if sadness converts into hopelessness, helplessness and worthlessness that may lead in clinical consultation. However, depression is a more severe situation, especially once it starts to interfere in day-to-day life and ability to work, study, eat and sleep. b) Feeling of Worthlessness and Guilty Unfortunately, when a person is in depression he feels worthless, flawed, and inadequate. In fact, it worsens the condition. A survey held by Dr. Aaron Beck revealed that 80% of the people who are suffering from depression showed hatred and dislike towards themselves ("Feeling Worthless and Depression). Moreover, a depressed person feels defeated in all the as pects of life, for example, in attractiveness, health, intelligence, work etc. all these negative thoughts for this reason lead to lower one’s self esteem. ... Furthermore, an irritable person every now and then complains unexplained aches and pains in body for instance headaches, stomachaches and pain in body as a result if medical examination is carried out no medical causes will be revealed. Hence, it indicates that a person is more likely on the road to depression. Above all, depressed teens are extremely sensitive to criticism, negative response and disappointment. On the other hand, they depart with their friends gathering and tend to isolate. For instance, teens that are fatally disheartened habitually make ‘attention-getting’ attempts deceitful on suicide. An escalating number of youths endeavor and are successful at committing suicide and for this reason; suicidal thoughts or behaviors should always be taken seriously ("Understanding Depression: Signs, Symptoms, Causes, and Help "). 2) Effects on Teen Depression There are significant effects of depression some of them are so serious that medical treatment may become ne cessary. Running away indicates a loud cry for aid in depression by a teenager. Another frequent effect due to depression is substance abuses in youths for example drugs and alcohol. Self-mutilation with an intention to injure oneself for instance, pulling of hair, cutting veins, self-burning etc. are definite signs of depression. Furthermore, the person shows irresponsible and reckless behavior thus, performing unsafe sex, reckless driving, careless attitude, self-hatred and suicidal thoughts. a) Drug and Alcohol Abuse When a person suffers from drug abuse as well as struggling with mental health problems, it is very difficult to escape this addiction; this is known as dual diagnose. Alcoholism in adolescence is a common indication of depression. Drug and