Olufunlola Arowolo, Ph.D. (@drlolaarow): "The U.S. is proposing free market policies in support of the “trade, not aid” ideal. The UN, on the other hand, cautions against privatization of global aid, adding that the move will ultimately lead to the abandonment of the aid model, at a vulnerable time for developing countr…"

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The U.S. is proposing free market policies in support of the “trade, not aid” ideal. The UN, on the other hand, cautions against privatization of global aid, adding that the move will ultimately lead to the abandonment of the aid model, at a vulnerable time for developing countries. The U.S. proposal supports a capitalism-centric approach that: “limit[s] regulation, low[ers] taxation, multipl[ies] energy sources, privat[izes] property rights, [honors the] sanctity of contracts, and [empowers] a trusted judiciary.”

apnews.com

US urges nations to back ‘trade over aid’ plan as UN warns against privatizing assistance

The U.S. is urging other nations to back a “trade over aid” initiative at the United Nations as part of the Trump administration’s broader shift away from donor-focused development assistance and toward greater private investment.

Apr 17

2:02 PM

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