Читать книгу The Atlas of Global Inequalities - Ben Crow - Страница 29

This dissemination of global ideas in favor of free trade and against the protection of “infant industries” may have reduced the capacity of poorer economies to diversify and to promote industrial production. Some developing countries depend on a limited number of agricultural commodity exports, making them vulnerable to volatile and falling prices. Free trade ideas have done little, however, to restrain rich countries from subsidizing their own agricultural production, the surplus from which is “dumped” overseas, undercutting local producers. Power is also exercised by rich countries through the imposition of rules on intellectual property rights, making the transfer of technology expensive for poor countries, and raising the price of medicines, which adversely affects the health of the poor.

Globally determined commodity prices, and the high tariffs imposed by rich countries on imports from poorer nations, favor the rich and create barriers to trade equality.

29

Copyright © Myriad Editions