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A new system of governance has emerged where policies are based around benefiting governments and multi-national corporations, rather than the citizens.
Regarding trade, pro-globalisation corporations and organisations can lessen a states individual decision making. Large economies of multinational corporations give them the ability to dictate or influence government decisions, for example wheat trade between Australia and Iraq. The WTO has set a system of standard rules for global trade which is a regulatory process controlling what governments can and cannot do in foreign trade.
Because of globalisation, multinational corporations have a political impact on states through political lobbying and election contributions...
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