As structural adjustment forced open markets around the world, a new system emerged in the mid-1990s to govern the international economy. Under this new system – run by the World Trade Organization – power would be determined by market size, so the rich countries of the North would be able to enshrine policies to suit their own interests even if it meant actively harming the interests of the South. For instance, global South countries would have to abolish their agricultural subsidies, but the United States and the European Union would be allowed to continue paying subsidies to their own
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