The Trade Trap (2003): Ghana's markets are flooded with subsidised American maize. Farmers are being priced out of their own markets. While the EU is removing some quotas and tariffs, its list of stringent requirements makes it virtually impossible for Ghanaians to export their goods.

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It’s the mantra of the globalization lobby – from the IMF, World Bank and G7 group of richest nations to the American farright lobbyists who dislike the whole concept of multilateral agreements – that trade is now the way for poor countries to work their way out of poverty. All they’ve got to do is to open their markets to other people’s goods too, deregulate, and ensure openness and good ‘governance’ – and then they, too, can join the rich man’s club. But antiglobalization protesters from Seattle to Genoa have argued that trade isn’t actually working for the poorest of the poor – the one billion people round the world who live on less than a dollar a day. They say the rules are rigged in the rich world’s favour – by subsidies to sectors like farming or construction where the poor can most easily compete, by stacks of regulations supposedly about hygiene and and labour standards that are really intended to keep the poor countries’ goods out, and by shameless penalties on countries like Ghana that try to manufacture goods from their own raw materials.

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TVE – Ref. 2087