Thursday, October 14, 2010

What Uganda needs...

Although an obvious answer, Uganda, and indeed all of Africa, needs money. Not from foreign aid mind you, but from tax revenue and entrepreneurs. Extending individual property rights in Uganda will be a major step in the right direction. After all, increased property rights is one detail credited to the expansion of the US economy, and allowed us to generate substantial, taxable incomes. According to studies, "a mere 1% increase in GDP on the African continent would be equal to three times the amount of foreign aid pouring into Africa annually." It would seem that the old adage of giving a man or teaching him to fish reigns true in Africa. With an increase in GDP, more than just quality of life increases; productivity creates a sense of pride, and pride can go a longer way than a handout.

-Caleb B. Ray

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