‘Trade not aid’ as I mentioned in the last post I insist to trade with African countries instead of purely giving development aid, pure aids like development organizations are good and really do improvements to change of the quality life of the African social life, but I concern about whether this development aid will decline labor initiative, creativeness and independent thinking abilities of the local population or not. And there have been some news showing the Africans loss their indecency gradually. So I consider trade is the best way in the future to help African countries.
‘Recently international organizations such as the United Nations, International Monetary Fund, or the World Trade Organization (WTO) take similar approach because they assume participation in international trade plays an essential role in economic development and poverty reduction.’ This part news I found from the research report of BEÁTA UDVARI.
But from the recent data shows the preferential market access granted for the developing (least developed) countries was not sufficient: the African countries’ share from world trade declined significantly between 1970 and 2007. So I think the trade forms in Africa should be different from the traditional way of business. Then I look up a new word in the websites ‘aid for trade’.
In my mind the reason why this phenomenon taking place is that these countries are hindered by their underdeveloped supply-side capacity. To solve this problem, the WTO launched the Aid for Trade initiative in 2005 at the Hong Kong Ministerial Conference. The main objective is to develop the supply-side capacity of these countries to be able to take part in international trade more effectively.
I support this form of optimistic