The World Trade Organization (WTO), formerly the General Agreement on Tariffs and Trade (GATT), was created on 1 January 1995. Its objective is to promote the practice of free trade globally. According to the WTO website it is “a trade liberalization organization. It is a forum where governments can negotiate trade agreements. It is a place to resolve business disputes. It operates a system of business rules.” This paper will explain the benefits of free trade and WTO membership, discussing whether membership is better for developed or undeveloped countries. Furthermore, remedies will be suggested to make adherence better for everyone. To some extent, the WTO has succeeded in promoting better free trade. Free trade has many benefits, first and foremost lower prices for consumers due to the elimination of tariffs which allow us to purchase cheaper imports. Second, free trade encourages greater competition. There is more incentive to reduce costs since, for example, a monopoly in the United States may face competition from foreign companies. Third, the law of comparative advantage states that free trade will allow for an increase in economic well-being. This allows countries to specialize in the production of goods and have a lower opportunity cost. Fourth, it encourages fair trade by allowing economies of scale where companies specialize and produce larger quantities. Companies such as car and airplane manufacturers with higher fixed costs especially benefit. Fifth and finally, free trade can help increase overall global economic growth. The question remains, however: “Is WTO membership better for developed or underdeveloped countries?” To begin answering this question, it's important to note something; the WTO was created by several key countries that were developed. Could the needs and interests of countries be at the heart of the work program adopted in this Declaration? “… We will continue to make positive efforts to ensure that developing countries, and especially the least developed among them, secure a share in the growth of world trade commensurate with the needs of their economic development. In this context, improved market access, balanced rules, well-targeted and sustainably funded technical assistance and capacity-building programs have an important role to play." By continuing to expand the special and differential treatment (S&D) of underdeveloped countries, they can at least bring a little more fairness to WTO membership. The best solutions to global economic problems must come when the best model of global competitiveness among all countries is that of absolute and genuine competition..