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What is global restructuring?

Updated: 4/28/2022
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Global restructuring leading to the integration of developing countries into the global economy can lead to increased inequality and poverty in these countries. Western subsidies and protectionism, combined with unequal trade relations within the global economy have undermined the prices of agricultural produce. In Mexico, forexample, this has led to a wave of cheap, subsidised US maize flooding the domestic market, making it impossible for Mexican subsistence farmers to compete, and increasing flows of emigration from rural areas. At the same time, processes of global restructuring have led to increasing pressure on labour to become more mobile and flexible, which has resulted in growing migration flows worldwide.

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