From article:
Owen Barder, an economist with the Centre for Global Development who is at the conference says small policy changes, such as removing import tariffs, could make a big difference.
“In the European Union we provide aid to India and we are right to do that because a third of the world’s poorest people live in India,” he told RFI by phone from Addis.
“But we also impose a tariff on Indian textile exports. If they want to sell a T-shirt in the EU, we tax that at 10 per cent. Now, if we got rid or that tax on Indian T-shirts that would be good for Indian jobs, growth and it would be good for the poor people in India. And it would be good for European consumers, who would be able to by goods cheaper in the supermarket.”
Another source of potential income for developing countries is remittances: money sent back by people going to work in Europe or the United States, where they earn a lot more money than they would back home.
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