^ Governs what countries buy and sell to each other and at what prices
- Wheat and rice crop producers sell to country that pays the most. Poor countries can’t afford these prices so have to rely on what they can produce themselves.
- LEDCs forced to buy at market prices they can’t afford, leads into debt. High interest rates make the poor poorer
- In countries where there are relaxed trading laws, farmers buy agricultural land to grow cash crops to sell to rich countries. Rest of population suffers