Since the Wealth Crash of the 1970’s, we have seen market fundamentalism lead global development down a very biased path that has favoured wealthier western countries whilst masquerading as having a poverty reduction agenda. The introduction of structural adjustment plans, tied aid and Free Trade were western concepts, pushed onto developing countries, that held rich resources so eagerly waiting to be exploited. Peet (2003) argues that despite the economic policies put in place by The World Trade Organisation, The World Bank, and the International Monetary Fund to govern global trade structures, often contradictory neoliberal regulations have favoured the most affluent nations. Neoliberal market based approaches have failed the poor, creating a rise in basic food prices and pushing 115million people into the category of food insecure in 2008. The total number of hungry people raising up to 1billion, the most it has ever been (WDM 2012).
In Monbiot’s article, I Was Wrong About Trade (2003), he suggests that a...
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