BTC129: How the IMF and World Bank Sell Exploitation As Development w/ Alex Gladstein (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
00:00
Impact of Protectionism on Developing Countries
Protectionism by industrial countries significantly reduces the national income of developing countries, more than the aid they provide. If Western nations opened their economies, they could eliminate the need for development assistance. The practice of subsidizing agriculture in the West hinders competitiveness in Africa's agriculture sector. This results in Africa importing 85% of its food, showcasing how Western policies have disadvantaged developing countries.
Play episode from 35:54
Transcript
