Tuesday, July 05, 2005
More Trade, not just Aid
Read this article if you want to see why I am always harping on trade issues rather then focusing on more aid to poor countries. You can't "give" people out of poverty, as much as you may want to. Wealth is something that must be earned and created, not given or transferred. But you can help people learn how to earn wealth and make sure the rules are fair so that they have the most opportunities to earn it. That's why reducing rich world tariffs and farm subsidies will go farther to helping poor then doubling aid.