Tuesday, October 31, 2000

Africa tears down trade barriers Here's an interesting FT article about a proposed free trade zone in Africa to promote intra-regional trade. What's interesting is that some are concerned about large economies (Egypt) overwhelming small economies (Djibouti).

This is exactly the same argument that rich westerns raise when "protecting" small foriegn nations from free trade. And it is equally misguided in both places. So long as companies and customers are free to find the best products at the best prices, everyone will benefit.

Hopefully, this deregulation will also allow governments to do their job and work on areas no amount of free trade can fix, such as education, infrastructure, and law enforcement.

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