Apr 11
A couple of years ago, celebrities like Bono and highly respected individuals like Nelson Mandela brought our attention to the importance of debt relief and what such relief might mean to developing countries. Ironically, at the same time, many countries began to understand the importance of having a secondary market for debt especially when dealing …
Apr 08
In my previous post, I spoke about how corrupt governments and conflicts seriously dampen a countries quest to economic development and poverty eradication. While these posts were very general, today I would like to provide you with specific examples from across the world to show you what I mean. Lets begin with India. One third …
Apr 06
The Opportunity In my last post, I spoke about how developing nations face two main obstacles in their path to economic and social development. Corruption in government and constant conflicts often plague developing nations and inhibit their ability to break the shackles of poverty. I believe that the countries that have the best chance of …
Apr 01
The Challenge Development in African countries faces a serious barrier. Over the past two decades, democratization has swept across Africa, reaching countries like Egypt, Tunisia and now Libya. But while the international community rejoices, what they need to understand is that democratization is just the first step. The eradication of poverty is not that simple. …
Mar 25
On the 11th of March, at precisely 2:46 p.m., a 9.0 magnitude earthquake struck Japan leaving destruction in its path. The loss of lives and property are constantly rising even today. But probably one of the biggest blows to Japan was the crumbling of its economy. Questions arose of whether the 3rd largest economy in the …
Mar 22
In my last post, I spoke about the problems that arose through debt burdens, and why countries find it so difficult to rid themselves of that obstacle. Countries that are freed from their debts end up accumulating more debts because of failed promises for development assistance. Whatever the reason, the international community needs to come …
Mar 16
Over the past couple of years, developing countries have been trying to repay billions of dollars in loans. Many of these loans had been accumulated under corrupt Cold War regimes, and have now become a serious obstacle to overcoming poverty and acting as a hindrance to economic development. Governments of developing countries have been taking …
Feb 11
Following my previous blog discussing how rich-country agricultural subsidies hurt developing countries in Africa, this video provides a picture of the ways some African farmers are struggling to sustain themselves. While Subsidizing Poverty (Part One) discusses how rich-country subsides contribute to poverty through price depreciation, this video explains how subsidies implemented by poor countries actually …
Feb 07
Agricultural subsidies implemented by the developed world are keeping African farmers in poverty. Countries such as the United States, Japan, Australia, and the members of the European Union heavily subsidize their farming industry, resulting in dramatic overproduction and a resultant drop in food prices as the global market becomes flooded with products such as cotton, …
