Global trading of goods and services and the provision of overseas development assistance or aid impacts on millions of people's lives in the developing world. Often aid is given to countries with conditions attached. These can involve the opening up of their domestic markets on resources, such as water supply, to foreign companies. Trade liberalisation promoted by the IMF, World Bank and World Trade Organisation is often a one-sided process, and although intended to promote growth, can result in negative consequences for some of the poorest people in developing countries.…(read more)
