‘Africa needs freer markets’

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The only way to give food security to 200 million sub-Saharan Africans is to give them the tools, not to rely on yet more aid and government mismanagement. World food production has increased with population by 90% in the last 50 years; the real price of food has declined by 75%. Yet Africa has none of the factors that made this possible: greater agricultural productivity, internal economic freedom and international trade.

African leaders must be pushed to reduce economic intervention, free financial markets, remove bureaucratic obstacles to setting up businesses, establish property rights and enforce contract law. These are the forces that release entrepreneurial energy... What we really need is economic freedom and the rule of law at home: We are perfectly capable of improving our own lot if only allowed to do so.

That was Imani Ghana in yesterday’s Wall Street Journal. I'm going to leave the rest of the article alone. (Via Freedom to Trade)


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