PRESENTED TO: E.I.D
THE DEVELOPMENT OF WORLD TRADE
TEACHER: MR. COLM
Relatório de estágio apresentado como requisito para a obtenção do título de Bacharel em Administração – Habilitação em Comércio Exterior.
Dublin – Republic of Ireland
December - 2008
1. Thedevelopment of world trade
1. ASPECTS OF DEVELOMENT OF WORLD TRADE AND
IMPORTANCE THIS TO IRELAND
2. WORLD TRADE ORGANIZATION
3. TRADE BLOCS
1.4 PRINCIPAL TRADE BLOC FOR DEVELOPMENT BUSINESS IN RELAND
This work is the presentation of the researching about general aspects ofdevelopment of World Trade Organization and its characteristics. Also, others aspects of Economic Bloc in special The Union European.
The development of world trade
1.1 ASPECTS OF DEVELOMENT OF WORLD TRADE AND IMPORTANCE THIS TO IRELAND
The development of international trade has a rich and deep history. From the earliest accounts of spice trading in the 14th century to the foundation ofthe world trade organization in 1995, international trade has evolved significantly. In the last century advances in technology, transport, and communications has facilitated a growth in international trade (Levitt, 1983). Ireland is one economy that greatly depends on this trade.
The process of importing and exporting goods is essential to the development of the Irish economy. The country’sclimate, small population, lack of raw materials, demand for varied goods, and desire for economic growth are some of the reasons why Ireland participates in International Commerce.
The twentieth century witnessed rapid advances in international trade. The economic depressions during the 1930s highlighted the negative effect that international trade barriers had on many countries’economies. During WW2 a number of countries signed the Bretton Woods Agreement in an effort to promote free trade. This action resulted in the establishment of the International Monetary Fund, The World Bank and the International Bank for Reconstruction and Development (now the Bank for International Settlements) in 1946. These were an effort to regulate the international political economy. The followingyear the General Agreement on Tariffs and Trade (GATT) was signed by 22 countries to promote free trade. This was the precursor to the WTO which is outlined below.
The positive effects of free trade have led to the development of free trade blocs amongst geographical regions such as the E.U., ASEAN, NAFTA, and APEC. The development of international trade agreements and the promotion offree trade have had an enormous effect on international business. Ireland’s transformation into a developed country has been rapid. The country’s accession into the E.U. in 1973 has been pivotal to the success of the Irish economy. Ireland has embraced international trade with open arms and the country is a prime example of an open-economy that promotes the missions of groups such as the World TradeOrganization.
1.2 WORLD TRADE ORGANIZATION
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importersconduct their business.
The WTO provides a forum for negotiating agreements aimed at reducing obstacles to international trade and ensuring a level playing field for all, thus contributing to economic growth and development. The WTO also provides a legal and institutional framework for the implementation and monitoring of these agreements, as well as for settling disputes arising from...
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