
Hat tip: Landon Schnabel, via Twitter.
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It is a comparison but I’m not sure it’s an argument. Trade serves (or should serve) different purposes for advantaged vs. disadvantaged nation. If an economically-disadvantaged nation simply depletes its own natural resources for the sake of survival, then “trade” for them is not a multiplier but a cashing out. Trade can be a multiplier when there is a value-adding infrastructure in place in the less-advantaged nation. If not, it is more like exploitation.
After fighting various diseases that impact poor nations’ survival, a worthy goal for foundations like Gates would be to help them build value-adding infrastructures.
Those are fair points. I’ve always wondered why are so many nations (especially in Africa and Latin America) so poor, while a handful nations are so rich? But I think the exploitation argument goes only so far, since previously poor countries like Australia, South Korea, and Singapore are now very rich themselves …
I should add: one of my favorite things about the US system our founders created is the fact that we don’t anyone’s permission to cross State lines … Let’s not take that for granted!
Hi. I just purchased the book from you eBay site for accidental billionaires: case study. I sent my email for the book to be sent to me, but never received it.
Hi John, we experienced some technical issues due to the size of the pdf file, but we should be able to send it out within a day or two (at most).
I believe you should have received it now. We split the file into two parts.