The proposals have failed due to the interests of the global economic superpowers. The implementation of special economic zones and export processing zones in the less prosperous and less developed countries were proposed in order to maintain the equilibrium in international trade by stimulation of foreign investments which proved to be a failure (Ratnesh, 1999, p.47). WTO has also not been able to minimize the legal costs through improved access to its complex legal system to the poor countries. WTO failed to curb the protectionist measures of the G20 countries. All these led to the hijacking of WTO by the rich countries that worsened the conditions of the poor nations. The theories of comparative advantage could be used to explain the activities of intervention by these global economic forces towards implementation of provisions by the World Trade Organization in order to protect the interests of the developing countries in international trade (Bhandari, 1998, p.122). The advancements in the technological sphere, growth of investment and production in the rich countries have increased their voting rights in the WTO for which the interests of the poor and less prosperous countries have been jeopardized. World Trade Organization.
Kachiga, J., 2008. Global Liberalism and its causalities. London: Routledge.
Bruges, J., 2004. The Little Earth Book. London: Sage.
Bossche, P. V., 2008. The Law and Policy of the World Trade Organization: Text, Cases and Materials. Cambridge: Cambridge University Press.
Blackhurst, R., 2000. The WTO as an International Organization. London: University of Chicago Press.
Ratnesh, K. 1999. WTO (World Trade Organisation): Structure, Functions, Tasks and Challenges. New Delhi: Deep and Deep Publications.
Bhandari, S. 1998. World Trade Organisation (WTO) and Developing Countries: Diplomacy to Rules Based System. New Delhi: Deep and Deep Publications.
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