The European Union’s budget for foreign aid for the 2014-2020 period is of €82 billion on. As part of a new humanitarian aid package, €18.5 million will go to Latin American and Caribbean countries.
The 2005 European Consensus on Development is a policy statement that commits the EU to eradicating global poverty, tackling inequalities, and building a fairer and more stable world.
In the mid-1700s Europe and North America broke with thousands of years of economic stagnation. When power was spread around in society, countries began to experience sustained growth. It was also the birth of global income inequality, which continued to grow for about two centuries.
Economic growth is not necessarily bad for the environment. On the contrary, a richer world is in many ways a prerequisite for a greener existence. But it is crucial to understand how the market economy can help us release our creativity and learn from our mistakes. It helps us adapt and fix environmental problems.
Non-tariff barriers are an important impediment to trade for less developed countries. They need to be brought to the forefront of the trade debate if developing countries are to move into the export of higher value added products.