World Trade Organization versus United Nations Security Council

WORLD TRADE ORGANIZATION VERSUS UNITED NATIONS SECURITY COUNCIL
Student's Name
Institutional Affiliation
Date
World Trade Organization versus United Nations Security Council
Introduction
International organizations in the post-war era play an essential role in maintaining order and tranquility among the various countries. The formation of these organizations is based on the events that almost bankrupted nations and the resultant war that led to the disruption at a scale that the countries had never witnessed before. The destruction made the countries rethink the benefits and risks of engaging in war. Consequently, the countries unanimously agreed that the world needs to formulate a better mechanism to resolve disputes between nations and create strong and independent nations. According to the Farlex English Dictionary, an international organization is an alliance involving various countries. It entails an organization of countries designed to perform a certain activity for the common interest of all the member states. The United Nations Security Council (UNSC) and the World Trade Organization (WTO) are some of the prominent examples of international organizations (Civil360, 2019). The two organizations share some similarities and differ significantly in how they run their operations.
The WTO is a multilateral organization headquartered in Geneva, Switzerland. The entity was formed on January 1, 1995, as a replacement to the General Agreement on Tariffs and Trade (GATT) (Fergusson, 2009; Spak & Kapterian, 2012; Hillman, 2018; CFI, 2021). Its main role is to facilitate global trade. The entity ensures equity by providing a common platform where countries of different economic powers can discuss trade agreements among the member states and resolve any disagreements (Azevedo). The organization is in charge of 60 global and approximately 300 regional trade agreements. The 60 global agreements are classified under international law. The entity has 164 countries who are members of the organization. In addition, it has observer nations who are not its members and do not engage in free trade. It is the only global entity that regulates trade between nations. The member nations have to sign the relevant agreements that cover goods, services, among several other issues that affect the flow of trade.
On the contrary, the UNSC is a council of the United Nations that handles issues concerning international security. It has five permanent members, including the U.S, the U.K, France, China, and Russia. The council has the authority to oversee binding responsibilities to all of the 193 UN member states to ensure that peace prevails and avert any chances of the world sliding into war (CFR Staff, 2021). Besides the five permanent members, the council also has ten elected members, who occasionally converge to evaluate the dangers to international security, such as civil unrest, natural disasters, and terrorism. It attempts to establish means of averting the crisis (Mcgregor, 2021). The council has largely maintained its structure since its formation in 1946, which has often led to a discussion among its associates regarding the need for changes. Recently, members have presented conflicting interests, which have often interfered ...