nommy
...world’s economy and the World Trade Organisation (WTO) based in Geneva has extensive responsibilities to supervise trade, services and ideas. However, the way in which these organisations are run has had a profound effect on the world as a whole. By looking at what is unjust in business affairs, one can see the profound effect that love and justice could have. As many of the world’s poorest countries take out loans and struggle to pay back the interest, they have had to accept reforms to get more funding from the World Bank. These reforms are adjustment policies imposed by the IMF. They include exporting more goods and cutting government spending on public services like health care and education. This involves making workers redundant and cutting or freezing wages. While economic reform is often necessary, these policies are damaging for poor families and deepen their poverty as prices of food, medicines, healthcare and schooling increase while income drops. Going to school is one of the best ways to avoid poverty, but some countries cannot offer free education as governments have b...