What have the effects of ‘Free Trade’ been? (Part Two)
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About the video: ‘What have the effects of ‘Free Trade’ been? (Part Two)’
Lori Wallach discusses the impact of unfair trade rules such as those of NAFTA and the WTO, established in 1994 and 1995 respectively. She gives examples of how biased trade regulations can affect the interests of different member states, including such instances as baby food sold in Guatemala, foreign-owned patents in India and hormone-treated meat in Europe. Any multi-national corporation can effectively challenge any country in which it operates at a WTO court. Countries are forced to comply by the threat of trade sanctions. As a result, government authority is weakened and corporations are empowered.
Total views: 4,219
Filmed: Washington DC, USA on 13 April 2005
Credits: Interviewer - Marcus Morrell Camera and Editor - Marcus Morrell
Copyright © 2005 Big Picture TV
About Lori Wallach
Lori Wallach is one of the best known and most vocal critics of many of the trade agreements associated with corporate globalization. She is the Director of Public Citizen’s Global Trade Watch, a non-profit organization founded in 1995 to promote government and corporate accountability in the globalization and trade arena. By profession a trade lawyer, she has written a number of books and articles on trade and her comments have been widely broadcast on CNN, ABC, CNBC and CSPAN.
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