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Free Trade and third world economies

  1. mozz18

    9,971 Posts.
    4
    It is in this day and age that we are considering longer term solutions to problems in third world countries that are the fertile breeding grounds for terrorism and many other social ills.

    It is worth noting that Mr Downer, along with others, have signalled increasing foreign aid to Indonesia and other countries in similar predicaments.

    The problem is that Western countries spend 50billion a year in foreign aid and 350billion a year in protecting their own economies. Somehow I see a huge injustice in this. Third world countries prefer to sell their products rather than be given charity

    Australia has been in the forefront in trying to establish a level playing field but not everyone wants to play ball including the US and Europe.

    The issue of sugar subsidies is a good example.

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