World Trade Organization - Revision history

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	* [http://archive.mises.org/108/myths-of-the-wto/ Myths of the WTO] by Jeffrey Tucker, May 2003		* [http://archive.mises.org/108/myths-of-the-wto/ Myths of the WTO] by Jeffrey Tucker, May 2003
	* {{md\|1334\|Does World Trade Need World Government?\|Llewellyn H. Rockwell Jr.\|September 2003}}		* {{md\|1334\|Does World Trade Need World Government?\|Llewellyn H. Rockwell Jr.\|September 2003}}
	* [https://~~mises~~.org/journals/scholar/adrianus2~~.pdf~~ The Good, the Bad, and the Hungry: An Analysis of Food Protectionism in Hungry Agrarian Countries] (pdf) by Leo Adrianus		* [https://freecapitalists.org/journals/scholar/adrianus2/ The Good, the Bad, and the Hungry: An Analysis of Food Protectionism in Hungry Agrarian Countries] (pdf) by Leo Adrianus
	* {{md\|1380\|The WTO's Mercantilist Flaw\|Grant M. Nülle\|November 2003}}		* {{md\|1380\|The WTO's Mercantilist Flaw\|Grant M. Nülle\|November 2003}}
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-The '''World Trade Organization''' is an [[international organization]] that arbitrates trade disputes among its members. [[Lew Rockwell]] and other [[Austrian economist]]s argued against its creation, since international trade requires no regulatory bureaucracy.<ref>{{md|874|WTO Foments A Trade War|Rockwell, Llewellyn H., Jr.|21 January 2002}}</ref> The WTO has been described as a "a disarmament treaty for [[mercantilist]]s."<ref>http://www.bloomberg.com/news/2012-10-29/committing-to-smart-trade-with-china.html</ref> {{stub}}
+'''World Trade Organization''' (WTO), international organization established to supervise and liberalize world trade. It began operations on January 1, 1995. The WTO is the successor to the [[General Agreement on Tariffs and Trade]] (GATT), which was created in 1947.<ref name="Britannica_WTO">Encyclopædia Britannica Online. [http://www.britannica.com/EBchecked/topic/648636/World-Trade-Organization-WTO "World Trade Organization (WTO)"]. Retrieved 17 November, 2012.</ref>
 ==References==
 {{reflist}}
 [[Category:International organizations]]

FormerContributor-78162cb3 at 07:21, 17 November 2012

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	The '''World Trade Organization''' is an [[international organization]] that arbitrates trade disputes among its members. [[Lew Rockwell]] and other [[Austrian economist]]s argued against its creation, since international trade requires no regulatory bureaucracy.<ref>{{md\|874\|WTO Foments A Trade War\|Rockwell, Llewellyn H., Jr.\|21 January 2002}}</ref> {{stub}}		The '''World Trade Organization''' is an [[international organization]] that arbitrates trade disputes among its members. [[Lew Rockwell]] and other [[Austrian economist]]s argued against its creation, since international trade requires no regulatory bureaucracy.<ref>{{md\|874\|WTO Foments A Trade War\|Rockwell, Llewellyn H., Jr.\|21 January 2002}}</ref> The WTO has been described as a "a disarmament treaty for [[mercantilist]]s."<ref>http://www.bloomberg.com/news/2012-10-29/committing-to-smart-trade-with-china.html</ref> {{stub}}

	==References==		==References==

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The '''World Trade Organization''' is an [[international organization]] that arbitrates trade disputes among its members. [[Lew Rockwell]] and other [[Austrian economist]]s argued against its creation, since international trade requires no regulatory bureaucracy.<ref>{{md|874|WTO Foments A Trade War|Rockwell, Llewellyn H., Jr.|21 January 2002}}</ref> {{stub}}

==References==
{{reflist}}

[[Category:International organizations]]

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	==Views on WTO==		==Views on WTO==
	[[Lew Rockwell]] argued against WTO's creation, since international trade requires no regulatory bureaucracy.<ref>{{md\|874\|WTO Foments A Trade War\|Rockwell, Llewellyn H., Jr.\|21 January 2002}}</ref> In 1994, he argued that it would allow economic exchange with some countries under approved conditions, and impose a variety of sanctions on others, such as preferences for labor unions, artificially high labor costs, controls on the organization of industry, high taxes on capital and income, central-bank inflation, invasive tax collection, and abolition of financial privacy.<ref name="Rockwell_Stop>Llewellyn H. Rockwell, Jr. [http://www.lewrockwell.com/archives/fm/2-94.html "Stop the WTO"], ''The Free Market'', February 1994. Referenced 2012-11-17.</ref> In 1999, Rockwell asserted that the WTO is mainly concerned with expanding its own power and jurisdiction, which means it has no principled objection to making international trade a vehicle for the promotion of "labor rights" and crippling environmental regulations.<ref name="Rockwell_Free">Llewellyn H. Rockwell Jr. [https://mises.org/daily/340 "The WTO: Threat to Free Trade"], Mises Daily, December 1999. Referenced 2012-11-17.</ref>		[[Lew Rockwell]] argued against WTO's creation, since international trade requires no regulatory bureaucracy.<ref>{{md\|874\|WTO Foments A Trade War\|Rockwell, Llewellyn H., Jr.\|21 January 2002}}</ref> In 1994, he argued that it would allow economic exchange with some countries under approved conditions, and impose a variety of sanctions on others, such as preferences for labor unions, artificially high labor costs, controls on the organization of industry, high taxes on capital and income, central-bank inflation, invasive tax collection, and abolition of financial privacy.<ref name="Rockwell_Stop>Llewellyn H. Rockwell, Jr. [http://www.lewrockwell.com/archives/fm/2-94.html "Stop the WTO"], ''The Free Market'', February 1994. Referenced 2012-11-17.</ref> In 1999, Rockwell asserted that the WTO is mainly concerned with expanding its own power and jurisdiction, which means it has no principled objection to making international trade a vehicle for the promotion of "labor rights" and crippling environmental regulations.<ref name="Rockwell_Free">Llewellyn H. Rockwell Jr. [https://mises.freecapitalists.org/daily/340 "The WTO: Threat to Free Trade"], Mises Daily, December 1999. Referenced 2012-11-17.</ref>

	In a [[Bloomberg]] article, the WTO has been described as a "a disarmament treaty for [[mercantilist]]s."<ref>[http://www.bloomberg.com/news/2012-10-29/committing-to-smart-trade-with-china.html "Committing to Smart Trade With China"], ''Bloomberg'', 2012-10-29.</ref>		In a [[Bloomberg]] article, the WTO has been described as a "a disarmament treaty for [[mercantilist]]s."<ref>[http://www.bloomberg.com/news/2012-10-29/committing-to-smart-trade-with-china.html "Committing to Smart Trade With China"], ''Bloomberg'', 2012-10-29.</ref>
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	* [http://news.bbc.co.uk/2/hi/europe/country_profiles/2429503.stm Profile: World Trade Organization], ''BBC''		* [http://news.bbc.co.uk/2/hi/europe/country_profiles/2429503.stm Profile: World Trade Organization], ''BBC''
	* [http://www.lewrockwell.com/archives/fm/2-94.html Stop the WTO] by Llewellyn H. Rockwell, Jr., February 1994		* [http://www.lewrockwell.com/archives/fm/2-94.html Stop the WTO] by Llewellyn H. Rockwell, Jr., February 1994
	* [https://mises.org/freemarket_detail.aspx?control=139 Sayonara, WTO] by Jeffrey Tucker, April 1997		* [https://mises.freecapitalists.org/freemarket_detail.aspx?control=139 Sayonara, WTO] by Jeffrey Tucker, April 1997
	* [https://mises.org/freemarket_detail.aspx?control=130 Party Time at the WTO] by James Sheehan, July 1997		* [https://mises.freecapitalists.org/freemarket_detail.aspx?control=130 Party Time at the WTO] by James Sheehan, July 1997
	* [https://mises.org/freemarket_detail.aspx?control=19 This Isn't Free Trade] by James Sheehan, July 1999		* [https://mises.freecapitalists.org/freemarket_detail.aspx?control=19 This Isn't Free Trade] by James Sheehan, July 1999
	* {{md\|346\|WTO Meltdown\|Llewellyn H. Rockwell Jr.\|December 1999}}		* {{md\|346\|WTO Meltdown\|Llewellyn H. Rockwell Jr.\|December 1999}}
	* [https://mises.org/freemarket_detail.aspx?control=287 Birth of the WTO] by James M. Sheehan, February 2000		* [https://mises.freecapitalists.org/freemarket_detail.aspx?control=287 Birth of the WTO] by James M. Sheehan, February 2000
	* {{md\|827\|Will the WTO Back True Free Trade?\|Jeffrey A. Tucker\|November 2001}}		* {{md\|827\|Will the WTO Back True Free Trade?\|Jeffrey A. Tucker\|November 2001}}
	* [http://archive.mises.org/108/myths-of-the-wto/ Myths of the WTO] by Jeffrey Tucker, May 2003		* [http://archive.mises.org/108/myths-of-the-wto/ Myths of the WTO] by Jeffrey Tucker, May 2003