After watching a video clip on pearson.com,
I started to wander if the so-called “foreign aid” is really doing what it supposed
to do. The clip is called The Trade Trap, which addresses the trading market
between Ghana and other foreign countries. Being one of the poorest countries,
Ghana keeps receiving foreign aids. Yet, those “aids” didn't help any of the
local industries at all. Local products are not able to compete with foreign
imports. Even if there are international trading opportunities for
made-in-Ghana products, there are other trading barriers. For example, the high
tariff would make the Ghana exports unable to survive from the local low price.
Another trading barrier is import restriction. Sometimes foreign countries
would lay some limits for import. For instance, if Ghana wants to export
bananas to Europe, Europe might set certain restriction on the weight, the
color, the length…etc. of the bananas. Even if the bananas have a great quality
but only ugly outside, they cannot be imported.
People said free trade is good, but, really,
is it?
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