Executive summary: Economist Nathan Nunn advocates for a long-distance development policy, proposing that rich countries should modify their trade, immigration, and financial policies to significantly reduce harm and improve economic development in poorer countries.
Key points:
Rich countries often enact policies that harm poorer countries, such as international trade restrictions and migration barriers, which hamper industrialization and deny significant income opportunities.
Foreign aid, while beneficial, can also fuel civil conflicts and is less effective compared to potential gains from adjusting harmful policies.
There is strong evidence suggesting that tariffs and anti-dumping duties placed against products from developing countries severely impede their economic growth and directly lower household welfare.
Policy changes in the West, such as freezing illicit financial flows and supporting technological research, could indirectly benefit developing countries significantly.
Long-distance development policy should include advocating for targeted changes like easing travel visa restrictions and reforming remittance processing to enhance their economic impacts on developing countries.
Effective Advocacy (EA) movements could effectively push for these changes by leveraging existing expertise in policy advocacy, contrasting with traditional aid-focused approaches.
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Executive summary: Economist Nathan Nunn advocates for a long-distance development policy, proposing that rich countries should modify their trade, immigration, and financial policies to significantly reduce harm and improve economic development in poorer countries.
Key points:
Rich countries often enact policies that harm poorer countries, such as international trade restrictions and migration barriers, which hamper industrialization and deny significant income opportunities.
Foreign aid, while beneficial, can also fuel civil conflicts and is less effective compared to potential gains from adjusting harmful policies.
There is strong evidence suggesting that tariffs and anti-dumping duties placed against products from developing countries severely impede their economic growth and directly lower household welfare.
Policy changes in the West, such as freezing illicit financial flows and supporting technological research, could indirectly benefit developing countries significantly.
Long-distance development policy should include advocating for targeted changes like easing travel visa restrictions and reforming remittance processing to enhance their economic impacts on developing countries.
Effective Advocacy (EA) movements could effectively push for these changes by leveraging existing expertise in policy advocacy, contrasting with traditional aid-focused approaches.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, and contact us if you have feedback.