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Write a 16 pages paper on saudi arabia and the world trade organization. On the face of it, membership in the WTO means, primarily and for the most part, a reduction in tariffs, increase in foreign in
Write a 16 pages paper on saudi arabia and the world trade organization. On the face of it, membership in the WTO means, primarily and for the most part, a reduction in tariffs, increase in foreign investment, and the importing and exporting of products and services on a level never before seen in the country. A deeper analysis shows that this has led and will continue to lead to fundamental changes in the basic business and financial structures within the kingdom, which has had an almost immediate effect on the cultural and social policies and attitudes within the Saudi Arabia. In order to attain a better understanding of these policies and what Saudi Arabia's membership in the WTO means for global enterprise and free trade we will need to consider the following three areas of analysis: 1) The economic, political and social conditions which existed just prior to Saudis accession into the WTO and the motivations that prompted them to initiate the process, 2) The obligations and stipulations of membership in the WTO for Saudi Arabia and what changes this has led to both internally to Saudi Arabia and externally in the rest of the world, and 3) The ramifications of this accession in the long-term for global enterprise and free trade in other parts of the world.
