Thursday, September 07, 2006
Interesting story about how booming world trade could help relieve poverty not only in China and India but also in Africa. Indeed, it is increased demand for food from China and India that is driving much of the food export boom in Africa. If only the West could do away with its destructive food subsidies and tariffs, this would enable food exports to boom a lot more. That would create a reduction in poverty in Africa that unlike the one provided by foreign aid would be sustainable and also beneficial to us.