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
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