Today we know that corporations, for good or bad, are major influences on our lives. For example, transnational corporations account for 30 percent of the world output. In this era of globalization, marginalized people are becoming especially angry at the motives of multinational corporations, and corporate led globalization is being met with increasing protest and resistance. Ralph Nader's quote, "the world doesn"t have free trade, it has corporate managed trade," might be perceived by some as an exaggeration. However, in all actuality it is extremely accurate. TTNCs are gaining more and more control in the game of free trade. Organizations such as the WTO, IMF, and the World Bank have biven TNCs the capability of exerting control over free trade that has not always been there. While the strategies aren"t nearly as apparent in developed countries, the power TNCs have is more apparent in peripherial countries. The impact the TNCs have on the WTO is staggering. "Transnational corporations have a powerful influence on the WTOs agenda. While it is ministers and their officials who conduct bsiness at WTO meetings, representatives from major corporations are often there to lobby for decisions which help their business, and they may even be part of the official delegation." Countries under structural adjustment want changes in the WTO. Madeley feels that countries placed under structural adjustment should receive different treatment in order to take into account the needs of food security of the country. .
The world is becoming more globalized, there is no doubt about that. While that sounds promising, the current form of free trade are easily accessible to criticism. The interests of powerful corporations are successfully shaping the terms of free trade. In democratic countries, they are shaping and affecting the ability of elected leaders to make decisions in the interest of their people.