• International

    Trade, not Aid – Addressing Poverty in Developing Countries

    Some 821+ million people today suffer from hunger at present, this is despite the fact that globally there is a vast overproduction of food crops. Hunger today is not due to lack of food but lack of means of the poorest to access it. Trillions of dollars in aid has been poured into the least developed countries over the decades yet the average citizen of such states today is more undernourished than his predecessor in the 60s. What is more surprising that many of these countries, despite holding a natural comparative advantage in agricultural production, are net food importers. Demographic pressure, corruption, poverty is conveniently blamed for this modern crisis…