Nowadays, the world economic situation is changing, and not all people seem to be optimistic about these changes. World Trade Organization, one of the institutions whose activity supports globalization, is believed to be one of the most popular objects of criticism. The opinions on its effectiveness and good conscience of its leaders expressed by analysts from different countries sometimes tend to contradict one another. Therefore, it becomes more difficult to assess some institutions’ role and define whether the impact that they have on the economic development of different countries is positive or negative. Among other things, it is believed that financial problems have to be studied in connection with human psychology (Hunt, 2005, p.424). Many authors have expressed their opinions on the global government and the effects of globalization. Among them, there are Theodore Cohn and Keith Griffin, who have made their conclusions about the situation and shared their thoughts on measures that can help to address the existing challenges with the readers. Summary In his work, Theodore Cohn discusses the impact that World Trade Organization has on the variety of processes that take place all over the world; in fact, the author seems to be willing to talk about the flip side to different organizations whose activity supports globalization and effaces the boundaries between separate countries (2007, p.201). As it is clear from the information and facts that he reports, the author would like to encourage other people to avoid making conclusions about this organization based only on its supporters’ opinions. It is necessary to say that he tries to sound convincing to make the readers see that not all the views on the World Trade Organization and modern tendencies in worldwide politics and economics are positive. To do that, he discusses a variety of opinions on global trade to demonstrate that representatives of different countries have not still reached a compromise on globalization and its consequences for people all over the world. In this work, he supports criticism towards the World Trade Organization and some of its uses. As it follows from the idea that acts as the primary reason to create such organizations, they are believed to promote free international trade and encourage economic growth in both richer and poorer countries. Nevertheless, many people suppose that World Trade Organization does not always act in accordance with these objectives and that the principles of equality and shared leadership are not supported by some of its members who possess more resources and are more affluent. In general, the article by Cohn is devoted to a discussion of weaknesses and contradictions connected to the work of the discussed organization. More than that, the article touches upon a range of more common problems inherent in globalization. The work by Griffin also relates to the issues connected with the activity of World Trade Organization and globalization itself, but he seems to be more positive while assessing the usefulness of the organization; to him, there is no doubt that its creation “has to be regarded as a considerable advance” (Griffin, 2003, p. 797). Although there are specific problems related to this organization