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These subsidies, which go mainly to large agribusiness corporations, are seven times the $50 billion that these countries provide annually in foreign aid". Another example that Wolfensohn uses is that the sugar prices in the U.S and Europe are three times higher than in the world market because of subsidies...
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Another example that Wolfensohn uses is that the sugar prices in the U.S and Europe are three times higher than in the world market because of subsidies. This became a problem for the low-cost producers in places like Brazil. The positive that Wolfensohn displays is that the rich countries are trying to make an attempt to fix the problem...
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