Realist are able to rationally embrace WTO as WTO is able to revolutionize the economy with its policy and goals, whilst, looking at the effect of the WTO has on agriculture and social development through trade liberalization, with both positive and negative spillover effects, positive social development as well
The World Trade Organization was created in 1995, replacing the General Agreement of Tariff and Trade (GATT). The mandate of the WTO is to “administer and implement… act as a forum… administer arrangements for the settlement of disputes, review national trade policies and cooperate… to achieving greater coherence in global economy policy making” (Blackhurst 46). The mandate of the WTO encompasses all aspect of trade to ensure trade wars are idle. The effect of globalization is reflected in the transition of the constitution from GATT to the WTO. As WTO included more objectives, more security is provided security for transactions that transcends borders. Membership in the WTO is obtained through the acceptance of all its agreement as a package. Through enforcement of acceptance of the full package it