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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (289215)5/25/2006 2:49:39 PM
From: combjelly  Read Replies (3) of 1576347
 
"How would you deal with it?"

There are several ways to do that. Of course, we can always roll in and depose the government and re-distribute resources. It might work, but who knows?

Micro-loans are a good start. In many cases, a sewing machine or even a wheel barrow and a shovel is all that is needed to start moving people up the ladder. So a program of instituting this in every third world country should be done. But the best way is for every developed country to pick several countries to be mentors to. For some period of time, the mentor will give tariff reduction on certain goods and make infrastructure investments. The investments/reductions would be on manufactured goods, not just commodities. The infrastructure investments would include actually building of factories and those companies would immediately be public ones, no handing of money over to people in the local power structure. Stock options would be part of the employment package of those locally hired. Other shares would be held by the mentoring country. Of course, the receiving country would have to have some structure in place to support this. While these companies would be managed by the mentor countries, there would be provisions for phasing out to local management people over a couple of decades.

This would give a seed manufacturing base that is free of the local strongmen. And give a basis for a middle class. While it would probably be a net loss to the mentoring country, especially in the early years, it would be more effective than the current way foreign aid is done.
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