January 05, 2009
The effects of the global financial crisis threaten the stability of poor countries that bear no responsibility for the current downturn. CGD senior fellow Kimberly Elliott argues in a new policy memo that the United States can help to address this predicament by giving the world’s poorest countries permanent duty-free, quota-free access to American markets. An expanded trade preferences program will create jobs and stimulate investment in these countries—while also serving U.S. foreign policy and national security interests.