The World Trade Organization is an international organization that regulates global trade. Established in 1995, the WTO oversees trade disputes among 164 member nations agree to abide by its decisions. The goal is to create a level playing field in international trade. Critics of the WTO complain that, among other things, adherence to an international organization is a threat to a nation’s sovereignty. President Donald Trump has been a vocal critic of the WTO and America’s participation in it. This audio story explores the tension between the Trump administration and the WTO, with its potential global consequences.
Story Length: 3:50
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Maritime trade in today’s world is still very important as ships bring clothing to department stores and TVs to electronic stores. This public radio story explains how the International Maritime Organization, founded in 1958, oversees world shipping today. The IMO deals with problems the ancient Greeks would have recognized, including piracy.
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One of the many legacies of the Second World War was the emergence of the North Atlantic Treaty Organization (NATO), formed as an alliance of western powers, led by the United States, to protect against the spread of communism. Over several decades, NATO has grown to include over 20 countries, bound by a military alliance and ideological common ground. Recently, President Trump has criticized NATO, arguing that the alliance is a drain on American resources. In this story, a historian tells the story of NATO’s history and connects it to recent concerns raised about its cost and its value.
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The Gross Domestic Product, or GDP, measures the worth of all the goods and services produced in a country. Knowing the GDP helps countries monitor how strong or weak their economies are. When the GDP gets bigger, conventional wisdom says that the economy is healthy and growing, while a shrinking GDP means that something is wrong. The GDP provides a way to see the fluctuations in a nation’s economy over time. But the usefulness of the GDP is limited. Listen to this story to find out why.
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