At the end of the 1992 Rio Earth Summit, Khor cautioned that there was a “general feeling among Southern country delegates . . . that events outside the [summit] process were threatening to weaken the South further and to endanger whatever positive elements exist in” the Rio agenda. The examples he cited were the austerity policies being pushed at the time by the World Bank and the International Monetary Fund, as well as the trade negotiations that would soon result in the creation of the WTO.
