1. Globalisation
Industrial countries charge on average 1 per cent on their sales to other industrial countries while exporters from South Asia pay 8 per cent. ... The yearly subsidy the US gives just to American cotton farmers is three times its total aid to Africa. From 2001 to 2002, the US granted its cotton farmers $3 billion in subsidies, more than the entire economic output of Burkina Faso, just one poor African nation. ...
- Word Count: 3797
- Approx Pages: 15
- Grade Level: Undergraduate