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What is the best solution to ending poverty?
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11-18-2012, 01:15 AM
Post: #9
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I believe to reduce poverty wealthy countries should abolish agricultural subsidies, tariffs and quotas. The US cotton subsidies have created a surplus of inefficiently grown cotton, which is then dumped on the world markets at below fair trade value.
An example to what this means, is that the African country of Mali lost $43 million in export revenues due to plunging cotton prices, which is more than what it recieves in US aid which for that year which was only $37 million. Same goes for cotton producing countries like Brazil that lossed some $640 million in lost export earnings, and same for India. But this is just the affect from US cotton subsidies on three countries, imagine all agricultural subsidies on the rest of the undeveloped world, it is incomprehensible. United Nations estimates that while developed countries give $50 billion a year in foriegn aid, agricultural subsidies cost producers in the develoiping world some $50 billion. However I suppose Education and Healthcare, as well as a democratic and free market econmy would help! |
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Messages In This Thread |
What is the best solution to ending poverty? - ag - 11-18-2012, 01:06 AM
[] - countboobette - 11-18-2012, 01:15 AM
[] - uni_truant - 11-18-2012 01:15 AM
[] - whisperingcan008 - 11-18-2012, 01:15 AM
[] - Bjorkmeister - 11-18-2012, 01:15 AM
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