on campus - Article - Manhattan College
on campus - Article - Manhattan College
on campus - Article - Manhattan College
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Understanding the WTO<br />
David Runnalls, president of the<br />
Internati<strong>on</strong>al Institute for Sustainable<br />
Development, gave an interesting and<br />
uncomplicated explanati<strong>on</strong> of the World<br />
Trade Organizati<strong>on</strong> (WTO) and its role in<br />
a lecture delivered <strong>on</strong> <strong>campus</strong> in October.<br />
Runnalls, who also gave highlights<br />
of what to expect from the December<br />
ministerial meeting in H<strong>on</strong>g K<strong>on</strong>g, spent<br />
time discussing the WTO’s origin, power,<br />
missteps and milest<strong>on</strong>es, a group he<br />
describes as “a mysterious organizati<strong>on</strong>.”<br />
In his lecture, sp<strong>on</strong>sored by the<br />
<strong>College</strong>’s internati<strong>on</strong>al studies program,<br />
Runnalls explained that the WTO is<br />
<strong>on</strong>e of the most powerful internati<strong>on</strong>al<br />
organizati<strong>on</strong>s. Although it struggled<br />
in its infancy to fine-tune its internal<br />
structure, the group has been successful<br />
in fueling growth in trade since World<br />
War II and c<strong>on</strong>tinues to m<strong>on</strong>itor and<br />
improve the way internati<strong>on</strong>al trade is<br />
being c<strong>on</strong>ducted. The WTO promotes<br />
peace and makes sure that trade is<br />
handled well am<strong>on</strong>g the diverse<br />
participants with which it deals.<br />
“The WTO system encourages good<br />
government,” said Runnalls.<br />
He spent time discussing <strong>on</strong>e of the<br />
two most pivotal moments in the WTO’s<br />
history, which were the Uruguay Round<br />
and the 1999 ministerial meeting in<br />
Seattle. The Uruguay Round was held in<br />
Geneva and served as the place where the<br />
WTO became a permanent organizati<strong>on</strong><br />
and adopted its United Nati<strong>on</strong>s-style<br />
structure. It also, he said, set in place<br />
the rules and regulati<strong>on</strong>s for trading more<br />
than just goods but also services, such as<br />
intellectual property rights, broadcasting,<br />
banking and telecommunicati<strong>on</strong>s. The<br />
WTO calls the meeting a groundbreaking<br />
negotiati<strong>on</strong> and probably the largest<br />
negotiati<strong>on</strong> of any kind in history.<br />
The other most notable moment for the<br />
WTO was the infamous 1999 ministerial<br />
meeting in Seattle. Riots took place and<br />
people were trashing retail chains, such<br />
as Starbucks and Gap. It was a disaster,<br />
said Runnalls, but it did send a str<strong>on</strong>g<br />
signal to the WTO to redefine the ways<br />
in which it traditi<strong>on</strong>ally handles<br />
internati<strong>on</strong>al trade, especially in its<br />
dealings with developing countries.<br />
Developing countries, at the time,<br />
did not have much participati<strong>on</strong> in<br />
world trade.<br />
At the time of his lecture, the next<br />
ministerial meeting was set for December<br />
to be held in H<strong>on</strong>g K<strong>on</strong>g and was a<br />
highly anticipated <strong>on</strong>e. Runnalls shared<br />
what he thought would be key matters<br />
discussed at those talks. In H<strong>on</strong>g K<strong>on</strong>g,<br />
the focus would surround both the growing<br />
trade powers of China and India. The<br />
shift in power will change the way trade<br />
will be handled in the future, he said.<br />
There also, he noted, would be further<br />
discussi<strong>on</strong> <strong>on</strong> linking trade policy to<br />
social policy or labor issues and more<br />
<strong>on</strong> developing countries. In fact, <strong>on</strong>e<br />
major piece of news announced at the<br />
December meeting was the additi<strong>on</strong><br />
of T<strong>on</strong>ga to its membership, another<br />
positive sign that the WTO is working<br />
to add smaller ec<strong>on</strong>omies to its group.<br />
As president of the Internati<strong>on</strong>al<br />
Institute for Sustainable Development,<br />
Runnalls helps advance and improve policy<br />
recommendati<strong>on</strong>s <strong>on</strong> internati<strong>on</strong>al trade<br />
and investments, ec<strong>on</strong>omic policy, climate<br />
change and natural resources. He also<br />
serves as co-chair of the China Council<br />
Task Force <strong>on</strong> WTO and Envir<strong>on</strong>ment.<br />
He was a member of the federal<br />
External Advisory Committee <strong>on</strong> Smart<br />
Regulati<strong>on</strong> (EACSR) and the Advisory<br />
Committee <strong>on</strong> Partnerships to the<br />
Minister for Internati<strong>on</strong>al Cooperati<strong>on</strong>.<br />
Runnalls, an occasi<strong>on</strong>al writer and<br />
broadcaster, has served as envir<strong>on</strong>ment<br />
columnist for the CBS radio program As it<br />
Happens and was a member of Discovery<br />
Channel’s regular envir<strong>on</strong>ment panel.<br />
manhattan.edu<br />
<strong>on</strong> <strong>campus</strong><br />
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