Provide a 20 pages analysis while answering the following question: Choose one topic from four. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. In order to identify the objective of the GATT/WTO, it is revealed that GATT/WTO has concentrated towards international trade policies with the intention of ensuring the international trade agenda. At the same time, GATT/WTO has tried to develop the international trade security. In this regard, GATT/WTO has concentrated towards economic factors with the intention of ensuring the interdependent international trade policy. In this context, GATT/WTO has emphasised towards securing the supply of natural resources such as oil, food as well as human security among the global countries. Apart from this, GATT/WTO has concentrated on political framework to establish a supportive internal trade relation among the global players and to create a supportive business environment. Additionally, it can be claimed that for ensuring the economic factor and positive trade relations among the global players, WTO/GATT has concentrated towards world industrials systems and also tried combat with environmental threats such as climate change. Additionally, it can be claimed that the WTO/GATT has provided its superior effort with the aim of enhancing the international trade as well as investment environment (Falkner, 2011).
The objective of this paper is to identify the economic theory underpinning contemporary international economic relations. At the same time, this particular assignment has concerned with the broad principles underpinning WTO law, and with an analysis of specific agreements and disputes. Moreover, the study intended to identify the contemporary legal problems of WTO.
With the effect of globalization and internationalization, it is revealed that most of nations no longer discussed in isolation, rather it is revealed that larger numbers of nations have concentrated on economic and political chance for ensuring the international political relations.