Trade, not aid, proved the best way to achieve an increase in prosperity.
South Korea and Ghana had the same income per capita in the 1950's. One received far more aid, advice and political intervention than the other. It is now by far the poorer of the two. In General, Asian economies grew their way out of poverty in the late twentieth century, while African economies failed to be aided out of poverty. Trade, not aid, proved the best way to achieve an increase in prosperity.Matt Ridley
Growth & development can't be ordered or created. In history the best predictor of prosperity is open markets and trade. all the top down receipts world bank programs & foreign aid don't work. Open markets do.
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