11.01.2013 Views

on campus - Article - Manhattan College

on campus - Article - Manhattan College

on campus - Article - Manhattan College

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

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 />

23

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!