Trade, Aid and Debt

Question 1

(Trade) What does Sidwell say?

Answer 1

Fair trade is an intervention in the market that creates an unfair disadvantage for those in the developing world.

Question 2

(Aid) What does Hayter say?

Answer 2

Debt always comes with strings attached

Question 3

(Aid) What does Samura say?

Answer 3

Aid has not led to development - whether is be due to a lack of money or due to money being spent in the wrong way.

Question 4

(Aid) What does Collier say?

Answer 4

Over the past 30 years, aid has added 1% to the annual growth rate of countries in the bottom billion.

Question 5

(Debt) What does Chang say?

Answer 5

The SAPs imposed by the IMF and world bank in the 80s caused economic stagnation and worsened the debt problems in developing countries.

Question 6

(Debt) What does George say?

Answer 6

Discussed the ‘debt boomerang’, the consequences of debt in the developing world on the developed world.