Jennifer Franco, Danny Carranza, Joann Fernandez (Rightsnet)
07 October 2011
A Philippines biofuel project would appear to fit the World Bank's definition of a "win-win" scenario with its promise of jobs and conversion of 'idle land'. However a closer look unveils corporate manipulation, political corruption and exploitation of subsistence farmers that typically accompanies so-called "responsible investment"
As Brazil and China become the world’s leading exporter and importer of soybeans respectively, Chinese companies have sought investments in Brazil to wrest greater control over the flows and profits of the international soybean trade from North Atlantic-based transnational companies. While some promote these as positive “South-South cooperation”, many others condemn them as neocolonial “land grabs” that displace peasants, cause environmental degradation, and deindustrialize the Brazilian economy.