Like charity, getting rid of poverty begins at home



Like a gushing beauty queen on her big night, world leaders told us they want to make the world a better place for poor people.

In New York last month, the UN held an appraisal of the Millennium Development Goals (MDG), a set of much-hyped targets laid out in 2000 to reduce global poverty and other ills by 2015.

All that was missing was a basket full of kittens. Improving the plight of the poor is, of course, a noble goal. From the barrios of Rio de Janeiro to the shantytowns of Mombasa, the wail of hungry infants is a constant reminder of the scale of human suffering. So for the leaders of the world to come together and pledge themselves to fighting hunger and disease is to be commended. But what's missing from all this good intent is a willingness to do the dirty work that could end poverty once and for all. For instance, Ethiopia, the poster child of famine, is once again in need; 5 million of its people will need food aid this year, according to the UN.

In 1984, the world came to Ethiopia's aid when a devastating drought combined with the ruling Derg's untenable policy of driving peasants from their land on to collective farms. The Derg is gone, swept away by revolution, but the current leadership in Addis Ababa is no less inept at managing its natural resources. Yet donor nations are reluctant to challenge the government of Meles Zenawi because of his willingness to send Ethiopians to battle warlords in neighbouring Somalia.

Feeding the starving has therefore become a substitute for action. It is not only the developing world's leaders who are guilty of bad decision making. The fight against malaria, another of the millennium goals, is a case in point. Nine out of 10 malaria deaths occur in Africa, according to the World Health Organisation. The chemical DDT has all but eliminated the microbe-carrying mosquito in the developed world. South Africa has used controlled DDT spraying to wipe out malaria with negligible environmental effect.

Yet, under pressure from western environmental groups, international aid agencies refuse to fund DDT spraying where it is desperately needed. Instead, they bankroll the fiction that mosquito nets will save the 1 million people who die every year from the disease. Rich countries also scandalously build trade barriers to imports and flood global markets with cheap produce, ensuring farmers in the developing world remain beggars dependent on handouts. Thanks to subsidies, US cotton is cheaper than that produced in Mali, one of the world's poorest places.

At the same time, Europe and the US impose vicious tariff regimes to protect their often inefficient steel and agriculture industries, shutting out cheaper competitors from countries such as India and Brazil. A trade agreement between southern Africa and the EU was held up for years because Spain was demanding unlimited access to the region's fishing grounds, a bounty it sorely needed after plundering its own pelagic resources almost to extinction.

To be sure, some progress has been made in eroding human suffering. About 400 million Chinese are no longer poverty stricken, says the World Bank; Brazil and Vietnam are also on target to meet most of the millennium goals by 2015. Of course, these countries are also enjoying the fruits of free-market capitalism. Their economies are growing fast because their leaders have abandoned failed socialist experiments. If fewer of their citizens go to bed hungry than did 20 years ago, it has very little to do with the kindness of foreigners. And certainly not because the millennium goals played any significant role in their strategic thinking.

Wise governance will do for poverty and disease what the band aid of foreign assistance has not. Until the rich countries devote more effort to ending bad policies at home and elsewhere, poverty will remain with us into the next millennium. business@thenational.ae

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
MATCH INFO

What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)

Earth under attack: Cosmic impacts throughout history

4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon

- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.

50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5