Jul 26, 2005
In the year 2000 alone, sub-Saharan Africa lost nearly US$45 dollars per person thanks to trade liberalisation, while aid per person was less than half the loss from liberalisation, according to a Christian Aid briefing paper that argues that in real terms, the aid received by Africa has simply offset the losess sustained as a result of the trade conditions attached to aid packages. It argues that these losses dwarf the US$40 billion worth of debt relief agreed at the recent meeting of G7 finance ministers. The paper uses data from econometric study to demonstrate the negative effects of trade liberalisation, and to show what might have happened, had trade not been liberalised.
































