Unfair competition

Posted on Posted in Poor societies
  • Subsidies to agriculture in rich countries means that agriculture in poor countries sometimes is unprofitable or brings a very small income. Farm subsidies amount  is equivalent to nearly 4 times the aid given to developing countries by richer ones.
  • Wages of workers in poor countries, paid by international companies, are several times lower than in rich countries.
  • Great tracts of land in poor countries are bought out and used for nothing by big business, and the former farmers are expelled from these lands.
  • The gifts sent to poor countries resulted in shrinking demand for domestic production.
  • Very large outflow of profits to tax havens (study).

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