Trade wars and tariffs are in the news, thanks to President Trump’s populist protectionism. However, readers of ICN are probably already well aware of the moral arguments surrounding trade. The wealthy world’s trade policies have had a devastating effect on the developing world. This timely book explains how the US and EU subsidise their agriculture, and then dump their surplus production on poor countries. Through the World Bank, the World Trade Organisation, the International Monetary Fund and sundry trade agreements, the rich world insists it has access to global markets, while ignoring its own track record of subsidising its industries and agriculture for decades.
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