1. Summary 2. Institutions of the global economy

2.1 The WTO 3. Important people in the WTO 4. Criticism and reproaches 5. Are the reproaches entitled? 6. Main aspects

We are proud to present the article „Traders of the Lost Ark“ from our “Spiegel“ special on the pages 114-119.

Our presentation will deal with following points:

We get to know some of the people who work at the WTO

It is explained what the WTO is and what it does

The problems that are going with the work on its subject

How the people react to the WTO‘s decisions

Institutions of the global economy …

International Monetary Fund (IMF)Supervises the member states‘ exchange rate policiesOffers financial aidProvides loans to implement fiscal and institutional reforms in crisis

regions.

World BankGrants loans for major projects | Development aid programsSecures private investors against non-commercial risks

World Trade Organization (WTO)Government of global economyHigh court of trade disputes

Further information follows.

Founded : 1995 as the successor of GATT | „Agreement“ Members : 151 countries 26 divisions, 608 employees

Chairman : Director-General Pascal Lamy (France) Headquarters : WTO Secretariat, Geneva Spanish, English and French → official languages Functions : Offers the rules of trade and the platform on

which disputes can be settled Supervises its members states‘ trade policies

Deals with : Agriculture, textiles, services and patents.

Fight poverty → open borders mean low or even no taxes

→ dropping of tariffs Fair and honest democracy Defend human rights for creating a better world Has to prevent the smaller and poorer countries from

“sinking into oblivion“ The WTO shall strive to promote fairness worldwide Offers the platform for disputes about global economy Offers the rules of trade and commerce Regulating labor markets, imports – exports

A non-discriminatory trade system in which all countries have the same rights.

Want to be a kind of game in which all nations can be winners.

Democracy (appendages existing, but critique as well)

Democracy only a fiction Selfishness Imbalance between rich and poor

countries Blocks itself – no development Too much talk, less accomplishments

Further information follows later.

Workaholics Many people at the WTO are divorced or separated

because the job costs much time Highly intelligent Well educated Children of diplomats who have grewn up all over the world Most of them were raised at least bilingual Master‘s in economics, or they have a law degree

Moussa B. Nebie Keith Rockwell Rudolf Adlung Doaa Abdel-Motaal Pascal Lamy

Functuates as an ambassador Is from Burkina Faso Has meetings with african colleagues Writes reports Prevents the cotton-coalition of Mali Chad, Burkina Faso from

falling apart. He is responsible of the relationship between the African

countries and the U.S..

Born in Boston 1958 Preacher‘ s son Grew up in New York and New England WTO spokesman Rockwell:“Proof of how well we function!“

Counselor, Trade in Service Division

Once he worked in the German Ministry of Economics Affairs

then moved to Geneva in 1990 He is constantly advising

governments in Cuba, Singapore and Africa

His topic is the liberalization of services

Comes from Egypt but was born in Belgium

She grew up in India, China, Japan, Sri Lanka and on the Philippines

She got to Cambridge University by the WTO talent-seekers when she was 23

Is the new director general His plans: „ regulate, control, balance,

redistribute“ He tried to lead the negotiations in Cancún

on the side of the EU

Example: American cotton-farmers get subsidies The cotton-farmers in Burkina Faso cannot compete

with them Approximately 3 million people in Burkina Faso have to

live from the cotton they own All countries are supposed to have the same rights

but it seems that the U.S. dominate Only WTO-people profite Developed countries benefit more than poor countries Talk about open markets does not include the poorer

countries - Imbalance

Everything is about money and power - Not a trace of creating a better world

The WTO changes rules when a poor country gains power The rule that all countries should be equal is a fiction - No

democracy Oxfom: “The WTO doesn‘t work, it just reinforces!“ Blocks itself – no development :

Too much talk – less accomplishments (Example)

Nothing gets verified without consensus

Every decision has to be made unanimously

The WTO offers the rules of trade and commerce, and this helps to improve the relationships between the countries

The WTO compares itself with a bazaar where every country can deal with every other country

The WTO‘s budget is not really big(110 millions a year)

The director general has nearly no authority and no real power

There are approximately 1000 discussions in the WTO only in 1 year!

Even the United States submits in the international courts

The WTO is definitely political because of all the new agreements that were introduced

These agreements help smaller countries to enter the WTO

The WTO can just improve the situation

There is seldom a simple solution for the WTO‘s problems

What does the WTO want to be? What is the reality? What is to be criticized?

Conclusion