Then pray may I ask what you think should be done to help develop these developing third world nations, ergo, nations in Africa, Asia, Latin America et al ?
Just like me and my friend Svensvensonov said earlier Trade and not aid is the way forward for these poor developing countries. Aid as i said as been a tried and tested disaster for helping(more like destroying.lol) poor developing countries. the reasons for these are obvious as i stated earlier, since aid is really not Aid. Most Aid programs are poorly structured and constrained by conditionalities. This undermines the independence of recipient countries and the management of their economic affairs.Aid also erodes accountability. Providing Aid through the governments of poor countries erodes accountability because governments become more accountable to donors than to their own citizens(these is without talking about the huge bribes corruption involved in this loans/aid like with ODA between vietnam and japan officials). moreover aid also leads to a chronic dependency on donors. Because poor countries are dependent on donor handouts they fail to prioritize the generation of domestic resources. This creates a chronic dependency on aid, stifles creativity and undermines the dignity of people.
Even more so, i will ask you one simple question my friend Nihonji, have you ever seen in the literature of development economics, handouts/aid feature as building blocks for prosperity/making a country prosperous/developed?lool NOPE NEVER, and its not a coincidence either. Therefore to me(and my friend niceguy.lol) the idea that Aid can be a solution to Africa's/Vietnam's and other poor developing countries development challenges flies in the face of the evidence of what drives growth, creates jobs, and brings prosperity to our societies.
So these poor countries should first recognise that trade between one another in the region(even among rival countries) holds the greatest promise of sustainable development. for example look at south Asia led by India, they are the least intergrated region in Asia and barely trade with each citing 'security concerns' on even the most dumbest reason.lol other due to conflicts/differences/rivalries/resentment etc. reason they are still the most backward/poorest region in Asia(even more than most African countries). its no coincidence the lag behind their east asian peers who are more open to trade/investments from each other . Africa also suffers from the same problem, it has just about 2 percent of all world trade, which is hard to believe when you think about all of the tremendous resources that they have - oil, diamonds, gold etc not to mention all the agricultural products such as coffee, tea, cocoa - and to think that Africa still only has 2 percent of world trade is really incredible to be hoenst.. I have to emphasize again to you my friend Nihonji, the power of trade is that if the Africans(as an example, it could also apply to Vietnam/Laos/cambodia, Philippines etc) were able to increase their share of world trade from 2 to 3 percent, that 1 percentage increase would actually generate about $70 billion of additional income annually for Africa,or about three times the total development assistance Africa gets from the entire world today.
On this i think South Asia can also learn from Africa issues, from the little trade they do with each other and the world. For example, Africans trade the least with each other than all the other continents(second comes south Asia i believe.lol), this is one of the main reason they are poor/backward as i stated earlier, simply because you are unlikely to be competitive globally if you are not competitive regionally. So until they open their borders with each other and trade with each other, you are not going to get the level of competition that will allow them to be major providers of any product globally.
Our governements in the west/U.S(and even our student Japan.lol) talk of improving/'helping' poor developing countries veryday and night.lool yet there's been no real action because these rich countries heavily protect their own markets against exports from the poorest countries through import duties and quotas. Furthermore rich countries continue to subsidize their own agricultural sectors to the tune of a billion dollars a day(yes Japan, E.U and the U.S im looking at you.), making it impossible for African/Vietnamese/Cambodian etc farmers to compete internationally.
So if Japan and the west/U,S really want to 'help' these poor countries as they claim(which i dont believe by the way. lol) then they must open their markets quota and duty free to African/South asian/south east asianand other poor developing countries exports and remove agricultural subsidies which hurt African farmers.
These poor countries must be allowed to harness the power of trade in their own way to maximize poverty alleviation and economic growth - there is no "cookie-cutter" trade policy to force on poor countries..
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