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Industrial farming and food aid can have disastrous effects on developing countries.
The OECD doesn't do enough to address the extent and scale of harmful tax competition among richer countries and the effects on developing countries.
Joseph Stiglitz, Nobel laureate economist and Chairman of the Council of Economic Advisors under former President Clinton, went so far as to author a book entitled Globalization and its Discontents to express his concern that globalization has had devastating effects on developing countries and especially the poor.
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There will also be a knock-on effect on developing countries' exports to the EU because the euro has fallen against the dollar.
Canadians and international economists say American subsidies have a particularly harmful effect on developing countries in Africa -- a centerpiece on the summit agenda.
To appreciate the "China effect" on developing countries, it is essential to understand the methods Beijing is using to exert influence and warp incentives for accountable governance.
Soaring food and energy costs have a far greater effect on developing countries like Vietnam, because of their large agricultural and energy-hungry manufacturing sectors, than on industrialized countries, which tend to have larger service sectors than manufacturing sectors.
The issue has a disproportionate effect on developing countries, where about 10% of government revenues are generated by tax on multinational corporations, so boosting tax income would build self-reliance and lessen reliance on foreign aid.
The alternative is sleep-walking into yet another avoidable disaster, and could have a devastating effect on developing countries and on efforts to alleviate poverty among some of the most disadvantaged people in the world.
This might be hard on American companies, but scrapping accounting rates would bring much lower call charges for their customers than would merely capping them.A second worry is the effect on developing countries.
A report from the charity Christian Aid, which is concerned with the effect on developing countries, estimated that governments lose $160 billion a year when companies working across borders misapply the rules.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com