4 November 2012 Leave a comment
Wall Street Journal
Accessed 3 November 2012
Opinion – Europe
Combating Poverty at Its Roots
Economic development requires aid, but also sound institutions. Britain can lead on both fronts.
By DAVID CAMERON
There is an old debate between those who say the way to tackle global poverty is to spend more on aid and those who believe instead that the solution is to deal with the weak institutions, corruption and conflict in developing countries. The truth is that right now, we need to do both.
We need to honor our promises to the poor, because people are dying unnecessarily and our aid is needed to save them. But we also need to tackle the causes of poverty, not just its symptoms. And that means a radical new approach to supporting what I call “the golden thread” of conditions that enable open economies and open societies to thrive: the rule of law, the absence of conflict and corruption, and the presence of property rights and strong institutions. It is only when people can get a job and a voice that they can take control of their own destiny and a build a future free from poverty.
I believe Britain is in a unique position to lead this new approach…