When governments
deny their people the right to trade,
they simply encourage and perpetuate corruption.
And the price of corruption is paid by
those who can least afford it: poor consumers.
For them, corruption increases the cost
of living and makes their lives nothing
short of miserable. Free trade is an effective
tool against corruption, as it does not
require goods to bribe their way into
markets. Moreover, free markets improve
industrial efficiency. Larger markets
allow businesses to take advantage of
economies of scale. Competition among
producers forces uncompetitive industries
and businesses to close up shop or change
their operations to produce a better product.
This is a great boon to consumers, who
have access to high-quality goods at low
prices. All of these measures will increase
economic growth, thereby attracting both
local and foreign investors.
When the world turns its attention to
Africa, its focus is always on poverty.
Africa's leaders need to recognize that
free trade is the only way truly to empower
impoverished Africans. Eliminating tariffs,
quotas, and other policies that currently
frustrate trade does not involve financial
commitments or help from foreign governments:
All that is required is for African leaders
to give up their protection of local political
interests.
As the world moves toward greater economic
integration, Africa must not be found
wanting. Many African countries joined
the WTO in the name of liberalizing trade
and promoting economic growth -- and preventing
a return to the era of trade barriers,
economic nationalism, protectionism, and
the myriad other measures that check the
entrepreneurial spirit. African governments
must now give the people of Africa the
freedom to trade with one another. Until
they are ready to do this, their continent
will fall further and further behind the
rest of the world.
COPYRIGHT 2003 National Review, Inc.
COPYRIGHT 2003 Gale Group
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Story from National Review,Sept 15, 2003,
by Thompson Ayodele. |
|
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Book Description
This epic collection is a one-day digital snapshot of
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