The International Monetary Fund and the World Trade Organization rule trade worldwide, ostensibly helping developing countries enter the 21st century by investing in their modernization, and regulating trade to allow smaller nations compete with the big boys. But this "aid" often comes with a heavy price. Developing nations are often driven into deep debt, and then forced to turn their public services over to multinational corporations. Meanwhile, trade rules force developing nations to weaken rules on labor and environment in order to remain competitive.
EU: Court hits at Brussels secrecy by Andy Bounds, Financial Times November 8th, 2007 The European Union's secretive decision-making processes were condemned on Thursday in a legal judgment that should lead to more light being shed on how thousands of regulations affecting businesses are hatched.
CONGO: World Bank accused of razing Congo forests by John Vidal, The Guardian (UK) October 4th, 2007 The World Bank encouraged foreign companies to destructively log the world's second largest forest, endangering the lives of thousands of Congolese Pygmies, according to a report on an internal investigation by senior bank staff and outside experts.