Word: globalize
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
What is the World Trade Organization? Formed in 1995, it's a global coalition of 135 governments that makes the rules governing international trade in an increasingly global economy. The creation of those rules requires a unanimous vote, which means that agreeing on new rules takes years of extensive, often contentious trade negotiations...
...Case for the WTO Advocates of the WTO and free trade - which include all of the serious contenders for both Democratic and Republican presidential nominations - emphasize that globalization and the expansion of trade have created unprecedented wealth in both rich and some previously poor countries. The world's economy has grown to six times its size since 1950, primarily on the basis of a tenfold increase in international trade. Free trade advocates believe global prosperity can be maintained and expanded only through an increasingly borderless economy, which requires standardized rules made by a universally accepted authority. That, they argue...
...countries, protesting that manufacturers are exploiting sweatshop conditions. But the governments of many developing countries see this as an attempt by Washington to protect American jobs at the expense of the Third World poor. With low labor costs often the only competitive advantage many developing countries have in the global economy, they fear that enforcing labor standards will simply expand unemployment in the developing world...
...former New Jersey senator articulated a foreign policy that emphasized both an open global economy and military restraint...
...from anarchists to environmentalists and the pillars of U.S. organized labor - have condemned the WTO as a forum of corporate interests with growing power to overrule national governments on such issues as protecting the environment and labor rights. Free trade advocates defend the organization as the harbinger of unprecedented global prosperity...