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Old October 10th, 2004, 10:49 AM
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I'm not sure I want to get into a full-on OT thread on the subject of neoliberal trade policies, but basically with GATT (general agreement on trade and tariffs) and the WTO, if country A starts selling, say, water to country B, and then is running short on water and wants to stop, GATT obliges Country A to pay Country B for basically "lost profits", which means that if Country A can afford whatever Billion (depends on the size of the treaty, but we're talking fat, fat cash in any case) then they can stop, unless of course the WTO rules that what Country A is doing is an "unfair barrier to trade", and then they can FORCE Country A to keep selling water - even if they are experienceing drought or something. And in the Last decade, %80 of rulings on matters in this regard have gone towards Country B. Sweet, sweet water.

So anyway, it's pretty easy to mess w/less wealthy and powerful countries in the present world trade market. I think I'll glance over the Globalization of Poverty, and if anyone wants a different (and admittedly biased, but at least they admit it) view of the benefits of globalization, check out the New Internationalist Magazine.
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