Globalizatoin Appears to be a One-Way Street
July 22, 2003
Although they have negotiated the opening of markets in developing countries to their goods through the World Trade Organization (WTO), the developed countries are unwilling to open their own markets to agricultural products from developing countries, says the New York Times.
- While nearly one billion people struggle to live on $1 a day, European Union cows receive a net average $2 apiece in government subsidies.
- Japan, a country that prospered like no other by virtue of its ability to gain access to foreign markets for its televisions and cars, retains astronomical rice tariffs.
- The developed world's $320 billion in farm subsidies last year dwarfed its $50 billion in development assistance.
- President Bush's pledge to increase foreign aid was followed by his signing of a farm bill providing $180 billion in support to American farmers over the next decade.
Since the Philippines joined the WTO eight years ago, American corn growers have received an astonishing $34.5 billion in taxpayer support, according to an analysis of government data by the Washington-based Environmental Working Group. This helps explain how America is able to export corn at only two-thirds its cost of production, notes the Times.
Source: Editorial, "The Rigged Trade Game," New York Times, July 20, 2003.
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