World Trade Organization is a liability according to Dr. Carmen Dorobat

Sharing is Caring

World Trade Organization is a liability according to Dr. Carmen Dorobat

On 11th December 2017, WTO officials are scheduled to meet for the 11th ministerial conference in Buenos Aires.

Dr. Carmen Dorobat, Assistant Professor of Business at Leeds University has provided great insights into the work and failures of World Trade Organization and why she feels that the organization should be folded.

WTO ministers will be meeting amidst accusations of being largely inefficient. The organization was formed twenty two (22) years ago and it has nothing in the arena of trade liberalization to show for it.

WTO operations have to go just like those of World Bank and International Monetary Fund. The organization does not operate on a profit and loss basis. It operates on political partisanship. This is how WTO has been able to survive even when their budget stands at USD$200 million from the pockets of taxpayers every year.


374 total views, 2 views today

(Visited 41 times, 1 visits today)
Sharing is Caring:




Geoffrey Kerosi is a prolific economics writer and an avid reader in economics, finance, business, politics and technology. He holds bachelors' Degree in Economics and Statistics from Kenyatta University. He has over 4 years of extensive experience working as a Policy researcher and Budget Analyst for Civil Society in Kenya. Contact: Email: Phone: +254 713 639 776 (Whats-app only) Twitter: @gkerosi

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.

Enjoy this blog? Please spread the word :)

Skip to toolbar