What are three new business practices of global trade?
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Answer:
Global trade practices continue to advantage wealthy countries and disadvantage the poorest nations in the world. Poor countries have opened up their markets under IMF structural adjustment programs whilst rich countries have jealously guarded access to their markets and continue to dump heavily subsidized agricultural exports. This dumping distorts markets and destroys the livelihoods of poor farmers. The WTO ministerial meeting in Seattle in November highlighted people's concern.
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