03 Oct 2014
by Jim Rose
in development economics, growth disasters, growth miracles
Tags: development aid, foreign aid, overseas development aid
- Reducing trade barriers that limit exports from poor countries: implementing aspects of the Doha Round negotiation could create real income gains for low- and lower middle-income countries of more than £28 billion a year.
- Facilitating private investment, especially for infrastructure: lack of infrastructure financing for African countries may be reducing growth in some countries by as much as 2% a year.
- Protecting global environmental public goods, which create substantial value for poor countries (fisheries alone contribute an estimated £17 billion a year to African economies), and the burden of whose depletion falls disproportionately on low-income countries.
- Facilitating more research and development and technology transfer, ranging from new or cheaper pharmaceutical products to intellectual property that can be used by firms in poor countries. e) Increasing the proportion of migration that comes from developing countries: even temporary migration of poor workers to rich countries creates massive annual income gains far larger than any aid programme.
- Promoting security. While civil wars have a human cost and set back economic growth, the UK spends exports £12 billion worth of military and dual-use equipment to states on the Foreign and Commonwealth Office’s list of Countries of Concern for human rights abuses.
HT: conversableeconomist
Utopia, you are standing in it! 
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