and next in our 'Third World country series' is the impact the WTO has on the Third World country and globalization.
In the comic, it portrays the WTO as elephants and that everytime they held talks, the Third World countries or the ants would get crushed as they would not be able to raise their protests or fight for their rights against the elephants or rich nations. For example, the card the elephant holding on the right is 'obscene subsidies' this refers to agricultural products. The globalization of the world economy caused many of the Third World countries to have experienced a downturn in their sale of crops as the local producers cannot compete with agricultural exports from major countries such as the United States which dump their surplus crops at a low price. Third world countries cannot afford to subsidize their own domestic agricultural industries compared to the subsidies that the Europe, Japan and the United States agriculture receive.
The left elephant is holding a card called protectionism which is the advocacy, system, or theory of protecting domestic producers by impeding or limiting, as by tariffs or quotas, the importation of foreign goods and services (definition from answers.com), the governement of rich countries massively subsidize their producers and impose export subsidies, therefore allowing them to dump thier goods at a lower cost at Third World countries while imposing import and tariff duties to protect their domestic goods by rising the prices of foreign ones. tThese methods therefore have a disastrous effect on the Third World countries as not only they could sell their goods locally but they could not export it due to the import and tariff duties. The rich countries are seen as hypocrites as they persuade Third World countries to open up their market while closing down theirs.
sources from:
http://www.newsbatch.com/globalization.htm
a nice board game for the Third World countries
In the comic, it portrays the WTO as elephants and that everytime they held talks, the Third World countries or the ants would get crushed as they would not be able to raise their protests or fight for their rights against the elephants or rich nations. For example, the card the elephant holding on the right is 'obscene subsidies' this refers to agricultural products. The globalization of the world economy caused many of the Third World countries to have experienced a downturn in their sale of crops as the local producers cannot compete with agricultural exports from major countries such as the United States which dump their surplus crops at a low price. Third world countries cannot afford to subsidize their own domestic agricultural industries compared to the subsidies that the Europe, Japan and the United States agriculture receive.
The left elephant is holding a card called protectionism which is the advocacy, system, or theory of protecting domestic producers by impeding or limiting, as by tariffs or quotas, the importation of foreign goods and services (definition from answers.com), the governement of rich countries massively subsidize their producers and impose export subsidies, therefore allowing them to dump thier goods at a lower cost at Third World countries while imposing import and tariff duties to protect their domestic goods by rising the prices of foreign ones. tThese methods therefore have a disastrous effect on the Third World countries as not only they could sell their goods locally but they could not export it due to the import and tariff duties. The rich countries are seen as hypocrites as they persuade Third World countries to open up their market while closing down theirs.
sources from:
http://www.newsbatch.com/globalization.htm
http://www.free-europe.org/blog/?itemid=179
a nice board game for the Third World countries
e-globalised-4 blogged at 9:34 PM
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and next in our 'Third World country series' is the impact the WTO has on the Third World country and globalization.
In the comic, it portrays the WTO as elephants and that everytime they held talks, the Third World countries or the ants would get crushed as they would not be able to raise their protests or fight for their rights against the elephants or rich nations. For example, the card the elephant holding on the right is 'obscene subsidies' this refers to agricultural products. The globalization of the world economy caused many of the Third World countries to have experienced a downturn in their sale of crops as the local producers cannot compete with agricultural exports from major countries such as the United States which dump their surplus crops at a low price. Third world countries cannot afford to subsidize their own domestic agricultural industries compared to the subsidies that the Europe, Japan and the United States agriculture receive.
The left elephant is holding a card called protectionism which is the advocacy, system, or theory of protecting domestic producers by impeding or limiting, as by tariffs or quotas, the importation of foreign goods and services (definition from answers.com), the governement of rich countries massively subsidize their producers and impose export subsidies, therefore allowing them to dump thier goods at a lower cost at Third World countries while imposing import and tariff duties to protect their domestic goods by rising the prices of foreign ones. tThese methods therefore have a disastrous effect on the Third World countries as not only they could sell their goods locally but they could not export it due to the import and tariff duties. The rich countries are seen as hypocrites as they persuade Third World countries to open up their market while closing down theirs.
sources from:
http://www.newsbatch.com/globalization.htm
a nice board game for the Third World countries
In the comic, it portrays the WTO as elephants and that everytime they held talks, the Third World countries or the ants would get crushed as they would not be able to raise their protests or fight for their rights against the elephants or rich nations. For example, the card the elephant holding on the right is 'obscene subsidies' this refers to agricultural products. The globalization of the world economy caused many of the Third World countries to have experienced a downturn in their sale of crops as the local producers cannot compete with agricultural exports from major countries such as the United States which dump their surplus crops at a low price. Third world countries cannot afford to subsidize their own domestic agricultural industries compared to the subsidies that the Europe, Japan and the United States agriculture receive.
The left elephant is holding a card called protectionism which is the advocacy, system, or theory of protecting domestic producers by impeding or limiting, as by tariffs or quotas, the importation of foreign goods and services (definition from answers.com), the governement of rich countries massively subsidize their producers and impose export subsidies, therefore allowing them to dump thier goods at a lower cost at Third World countries while imposing import and tariff duties to protect their domestic goods by rising the prices of foreign ones. tThese methods therefore have a disastrous effect on the Third World countries as not only they could sell their goods locally but they could not export it due to the import and tariff duties. The rich countries are seen as hypocrites as they persuade Third World countries to open up their market while closing down theirs.
sources from:
http://www.newsbatch.com/globalization.htm
http://www.free-europe.org/blog/?itemid=179
a nice board game for the Third World countries
e-globalised-4 blogged at 9:34 PM
