In the last 10-15 years trade has seen major changes. These changes are ones that directly affect the lives of the working class, and have raised a great deal of concern for millions of people. This is because of the fact that democratic principles might well be overwhelmed by capitalist endeavors. However, from a governmental perspective it appears that these strategies are ones that would not interfere with democracy. It seems that the government believes that the alliances would aid the effect of globalization, thereby creating better trade in the North Western hemisphere.
There are many organizations who act as the alliances some of the most noted ones are the World Trade Organization & The IMF there are briefly described below
World Trade Organization (WTO): -
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business (Lucas, 2003).
International Monetary Fund (IMF): -
The International Monetary Fund is a specialized agency of the United Nations system set up by treaty in 1945 to help promote the health of the world economy. Headquartered in Washington, D.C., it is governed by its almost global membership of 184 c...
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...s so bad that the education there is also in a pathetic condition. There are many people who are struggling to improve the literacy level too, but it is indeed a difficult task because of the lack of funds in these regions (Rodrik, 1997).
In addition to this, those who do manage to obtain a good education do not want to waste their acquired knowledge within the same country, and hence, search for means to better their prospects abroad.
It is these people who do not realize the fact that they are the ones who are being exploited the most for their talents and capabilities. They are given lucrative offers outside their own countries, which they do not refuse. As a result, exploitation does not end even if the individuals are educated, and the country itself continues to be led by less educated, shortsighted politicians that serve as an internal destructive force.
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