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| Subject: Free Trade/Foreign Aid | |
Author: David (Australia) | [ Next Thread |
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] Date Posted: 09:11:54 01/04/05 Tue In reply to: Ian (Australia) 's message, "generosity" on 20:39:08 01/03/05 Mon I agree. Promoting free trade policies are the best way of increasing economic development in the third world. One of the main impediments to growth in the third world is the EUs common agricultural policy and the subsidies paid to US farmers. Despite the fact Australia gives slightly less per capita than some European countries in foreign aid, developing countries generally do much better out of us because we do not subsidise agriculture a great deal (or at all) and tariffs on products from developing countries have been abolished here. We have heard a lot of rhetoric from Tony Blair recently about increasing foreign aid to developing countries to fight poverty. In my opinion rather than increasing foreign aid, the UK should simply withdraw from the common agricultural policy (or do both). This would have the effect of creating wealth in developing countries rather than just keeping them poor through handouts. Decreasing protectionism is hardly bad for domestic economies anyway - Australia's economic growth rate has increased significantly as tariffs have fallen over the past 20 years. [ Next Thread | Previous Thread | Next Message | Previous Message ] |