World economic order is rightfully said to be based on the self-interests of the superpowers rather than on the ideological inclinations. Free trade flourished in the eras of the Pax Britannica and the Pax Americana, since the two countries preferred free trading with their strong competitiveness in the world market and they needed bigger foreign markets for their products. However, as the competitiveness of these two superpowers grew relatively weak, protectionism began to scrape the surface, for they started seeing a need to protect their less competitive industries and markets from foreign invasion. In this context, the new world economic order under the WTO system can be said to reflect, and is the result of, the clashing interests of the developed countries, and the pending issues to be discussed in the subsequent rounds will also be strongly influenced by them. The GATT system after World War II was in fact profitable to the developed countries. Nevertheless, it had also reserved many exceptions and waivers for the developing countries. During the Cold War, the United States, which led the free trade system, could not afford to neglect the interests of the less developed countries, for they played a political and diplomatic balancing act between capitalism and communism. It is true that the system was relatively lenient toward the less developed countries. With the end of the Cold War, however, and under to WTO system that followed, the developed countries have no reason to hold such favors for their less developed neighbors. New agreements on the service sector and the intellectual property rights will give the developed nations and extra edge in competition. It is further expected that settlement of other major concerns such as the environment and the labor issues will put additional burdens on the less developed countries. Free trade is expanding throughout the world and there will be fewer favors for the less developed nations. The world economic order will face an unlimited competition that leaves none out of its prey and where only the fittest firms with competitive technology and management skills will survive.