Saturday, October 03, 2015

Saving the world one t-shirt at a time

Trade not aid (Cato):

Garment factories in poor countries might look dirty and dangerous to westerners, but in fact, they are one of our best hopes for poverty reduction and human development...Western activists rail against 'sweatshops,' but among researchers and economists from left to right there is a consensus that these jobs are the stepping stones out of poverty. All countries that have managed to industrialize its economy and combat poverty in modern times have done so by moving into such labor-intensive exports markets.

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