The Maldives incurred huge debts and the amount owed to China is still being assessed given that the pitfalls of China’s influence over the Maldivian economy.
Today’s crisis relates neither to trade nor the production of goods and services. It is the banks and the financial sector that are in crisis.
A failure to manage trade liberalisation and agricultural policy could make the financial plight of Thai farmers worse, warns Prapat Panyachatraksa, a former agriculture minister.
Criticism of the Central American Free Trade Agreement (CAFTA) currently being considered by the U.S. Congress has focused heavily on concerns that the treaty would devastate Central American farmers who would be forced to compete with heavily subsidized U.S. agribusiness.