Chapter 5: Trade Organizations!

Link to Article: http://www.bloomberg.com/bw/articles/2013-05-20/a-stronger-world-trade-organization-is-good-for-america

A Stronger World Trade Organization Is Good for America

This article is about the transatlantic trade pact President Obama proposed in his State of the Union address, as well as the post of the World Trade Organization’s director general. The winning candidate, Brazil’s Roberto Carvalho de Azevêdoure. The lack of excitement about Azevêdo’s appointment reflects the extent to which the WTO has been marginalized in favor of trade regionalism. The two most important long-term trends in U.S. trade are the integration of American factories and retailers into global production networks and the declining U.S. share of global trade volume. Both factors suggest America needs a strong WTO much more than it needs a series of bilateral and regional deals.

Question: Do you agree with President Obama choice?