Developing Countries need Trade, not Aid group discussion [GD]

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saravanan said:
Any Economy has to pass through the stages namely, Aggrarian,Manufacturing and Trade. The faster an economy grow from aggrarian to Manufacturing,the more it becomes independent. Globalisation has even sprankled high competition environment in developing countries. Hence to struggle and compete with global standards, our companies/enterprises have to increase the standard/quality of their material and export as much as possible to EU,USA or other countries where the lucrative gains are possible. This is how we save economy. Aid is certainly not an option because its more like Do or Die. Though dying is not an option here really, in case of disasters a country(developed or developing) needs aid from all over the world to sustain. So Trade instead aid..


mani said:
Definitely trade is better than aid as the aids given in form of funds are not utilized properly for development and large sum of money goes inside the pocket of ministers. But with the trade any developing country can be benifited in two ways one it will get money for growth and development and secondly it will abridge the gap between a developing country and developed country.