International Trade

International trade is the core of the economy. It keeps the flow going, but there is always a downside, no matter how beneficial international trade is. WTO is the only global organization dealing with rules of trading, but behind the curtains lies the cons that some people do not know.

The cons of WTO are:

1. Increasing inequality between developed countries and developing countries.

2. WTO allows corporations to sue countries. This means that juggernaut companies can bend a country as they see fit for the "free" market.

3. The WTO has immense power and influence on the world. It can manipulate countries by controlling that country's trade.

4. WTO tramples on labor and human rights.

These are just some examples of the down side of WTO. The gap between wealthy countries and poor countries are getting bigger, and WTO is pushing it to even go faster. 

The major companies around the world are crushing the ones that are growing, taking all the profits to themselves by establishing branches all around the world. Foreign companies do not stand a chance against these corporations. Consequently, little wealth is generated for the foreign countries but most of them are in the pocket of big companies. 

Human labor is another factor. China is "loved" for its cheap labor, as well as India. The result is that people are paid less, but have to work for a longer period of time comparing to the standards. Children labor is being used as well. They do not get the privilege to go to school, but instead they have to work to make money.

Free trades give countries more wealth and power. The WTO needs to be controlled. They cannot violate any rights, abuse children, and further the gap between wealthy and impecunious nations. Since the WTO is an international organization, all the countries that are involved should have the right to speak their opinion, and be taken seriously from the top nations. This would prevent any misuse of power and unfair advantages for the leading countries.