Increase poverty alleviation through maximising trade – CHRIS HATTINGH
Trade between people is one of the greatest ways to increase prosperity around the world. We each bring different skills and resources to the table, and specialisation has resulted in the lowering of costs of all sorts of goods. Whereas the best products and services used to be the domain of only rich kings and queens, globalisation and free trade have democratised capital and have spread it so effectively that we often take for granted how privileged we are.
Around some areas of the world politicians are decrying trade; however, their countries and economies are already well-developed. For Africans to tap into their unlimited economic potential, there need to be as few barriers to trade as possible, across the continent. The African Continental Free Trade Agreement (AfCFTA) is a fantastic step in the right direction for Africa; the direction of free markets.
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Publish date: 25 July 2019
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation.