Intro

Privatization of state owned enterprises This means that socially important systems Can be purchased and regulated by foreign corporations for profit Then there is trade liberalization Or the opening up of the economy Through removing any restrictions on foreign trade This allows for a number of abusive economic manifestations Such as transnational corporations bringing In their own mass produced products Undercutting the indigenous production and ruining local economies An example is Jamaica Which, after accepting loans and conditionalities from the World Bank Lost its largest cash crop markets due To competition with Western imports Today countless farmers are out of work For they are unable to compete with the large corporations Another variation is the creation of numerous Seemingly unnoticed, unregulated, inhumane sweatshop factories Which take advantage of the imposed economic hardship