The Politics of International Trade Agreement: Is the WTO Agreement Unjust?

Abstract

Millions of people around the world are suffering from the high prices of food, yet very cheap price of the agricultural products from the farmers occur in developing countries. There are about 450 million of people in the different part of the world are small scale farming households and one third of the world population are basically relying on the agricultural productions cultivated on two hectares of land or less. Surprisingly, 12.7 percent of the world populations that live below the poverty line are those who work as farmers and produce food in developing countries. Walzer’s (1983) arguments, Miller (1995) argues that the fundamental principle of justice lies on the equal treatment, because the idea of treating justly is when all people or members of the organisations are given some considerations by whatever body or institutions allocating resources to the people. The crucial problems faced by the WTO is the crisis of legitimacy that made this institution creates unjust agreements. Based on the outcome based legitimacy, most of the agreements signed by the WTO are not favoured to all the members. In promoting trade liberalization among the member state, WTO failed in articulating and aggregating the interest of all the member states, which resulted in an unfair free trade agreement where the developing countries get less and developed countries gain more.

Presenters

Omi Ongge

Details

Presentation Type

Paper Presentation in a Themed Session

Theme

Economy and Trade

KEYWORDS

Trade Market

Digital Media

This presenter hasn’t added media.
Request media and follow this presentation.