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Axia College Material Appendix B

Appendix B material.

Amelia Davis
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INB 205Axia College MaterialAppendix BIn the context of the World Trade Organization (WTO), discuss its role in facilitatinginternational business. How does the WTO promote global trade stability, and what aresome challenges or criticisms it faces in relation to issues like sovereignty,environmental protection, and labor/human rights? Please provide a detailed responsewith a minimum of 300 words.

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INB 205International RelationshipsResources:United Nations: www.un.orgWorld Trade Organization: www.wto.orgComplete both Part A and Part B.Part A:Complete the table below for both the United Nations and WorldTrade Organization by providing a description of the Purpose, MajorFunctions, and Current Members for each organization.Part B:Answer this question:Select one organization; the United Nations, or the World TradeOrganization.What is the relationship between this organization and internationalbusiness?United NationsWorld Trade OrganizationPurposeThe United Nations’aims are set out in thepreamble to the UNCharter: to maintaininternational peace andsecurity, to developfriendly relations amongnations, to achieveinternationalcooperation in solvingeconomic, social,cultural, andhumanitarian problemsand in promotingrespect for human rightsand fundamentalThe World TradeOrganization (W.T.O.) is aFederation of about 130countries. Some are biglike the U.S and some aresmall like Belgium. W.T.O.does not represent theconsumers of each nation.It is not about creating theopportunity for consumersto buy at the cheapestpossible price. TheW.T.O. is an organizationof corporations and thegovernments thatrepresent them -- in the

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INB 205freedoms, and to be acenter for harmonizingthe actions of nations inattaining these commonends.process of negotiating theopening of each other'smarkets, and investmentopportunities.MajorFunctionsThe United Nationsinclude the SecurityCouncil, the GeneralAssembly, theEconomic and SocialCouncil (ECOSOC), theInternational Court ofJustice, and theSecretariat. (TheTrusteeship Council, anoriginal principal organ,suspended operationsin 1994 when it fulfilledits function byoverseeing theindependence of theUN’s last remainingtrust territory. In additionto its principal organs,the United Nationssystem is made up of acomplex mix ofcommissions and fundscreated by the GeneralAssembly, such asUNICEF (UN Children'sFund) and the WorldFood Program;specialized agencies,such as the WorldHealth Organization andThe W.T.O. is negotiatinga reduction in tradebarriers. It is negotiatingrules for foreigninvestment and financialservices like banks andinsurance companies withcustomers in othercountries. Theenforcement of eachother's patents andcopyrights within thefederation.

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INB 205the InternationalMonetary Fund; andother UN entities, suchas the Office of the HighCommissioner forHuman Rights and thepeacekeeping missionsestablished by theSecurity Council.CurrentMembersThe United Nationscurrently has 191member states:AfghanistanAlbaniaAlgeriaAndorraAngolaAntigua andBarbudaArgentinaArmeniaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosThe World TradeOrganization (W.T.O.) is aFederation of about 130countries:Albania 8 September2000Angola 23 November1996Antigua and Barbuda1 January 1995Argentina 1 January 1995Armenia 5 February 2003Australia 1 January 1995Austria 1 January 1995Kingdom of Bahrain1 January 1995
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