Oxfam's campaign is counter-productive London edition

I was in Dakar, Senegal, last week and to my dismay found the city plastered with huge Oxfam posters that read: "Oxfam for equitable trade: for each dollar given in aid to poor countries, two are taken back because of the inequities of the global trading system - a loss of $100bn per year"...

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Bibliographic Details
Published inThe Financial times (London ed.)
Main Author Lehmann, Jean-Pierre
Format Newspaper Article
LanguageEnglish
Published London (UK) The Financial Times Limited 14.05.2002
Subjects
Economic News
Foreign aid
Government News
International Trade Agreements
United Kingdom > UK
European Union
Europe
Western Europe
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Summary:I was in Dakar, Senegal, last week and to my dismay found the city plastered with huge Oxfam posters that read: "Oxfam for equitable trade: for each dollar given in aid to poor countries, two are taken back because of the inequities of the global trading system - a loss of $100bn per year". At a presentation I gave to doctoral candidates and young faculty at the Centre for Applied Economic Research at the Cheikh Anta Diop university, I suggested one useful question to consider is why 40 years ago South Korea and Senegal had roughly the same gross domestic product per capita, whereas today South Korea's is about 20 times higher. I have, incidentally, not received any replies from Oxfam to my e-mails, so if any of your readers know anyone from Oxfam, perhaps they would be kind enough to pass this message on.
ISSN:0307-1766