U.S. jobs, revenue growth, living standards, and prosperity are dependent upon the expansion of markets and demand. While innovation creates its own global markets (especially in advanced nations), the developing countries in South America, the Middle East, Southeast Asia, Indonesia, and Russia offer the greatest trade growth potential. Therefore, it is essential to cultivate, grow, and dominate these latent markets through better mutually beneficial trade agreements that would better serve both donor and recipient, create jobs home and abroad, develop reciprocal export markets, establish labor and wage (based upon relative purchasing powers) standards, and generate self-sufficiency.
In lieu of direct financial assistance (cash, credits, loans) to undeveloped countries most US aid should take the form of mutual trade agreements exchanging American private sector made products, services, knowhow, skill training, educational facilities, and infrastructure improvements (roads, bridges, dams, railroads, power and electric grids) for the raw materials and semi or finished goods of the beneficiary. The U.S. Export/Import Bank could play an essential role.
Wherever possible, dedicated aid and agricultural assistance should be given locally - directly to towns, village or tribal leaders for community use.
Enabling these trading partners convert their raw materials and other assets into semi and/or finished products and meet their domestic and export agricultural needs would raise their living standards, increase the economic value of their resources, improve their GDP, and enable their consumption of our high tech and innovative goods and services.
Samples of U.S. products that would qualify as aid: domestic manufactured high and low tech goods; agricultural equipment (tractors, cultivators, sowers, reapers, combines, refrigeration, desiccators, food processors, etc.) and supplies (seeds, fertilizers, tools, irrigation materials, etc.; water pumps and electro generators (solar, water, gas, diesel, wind driven); earthmoving and construction equipment; smelting and refining equipment; automation and robotic equipment; communication equipment and devices; electronic products; computer and related networks; vehicles; pharmaceuticals; textbooks; etc.
Harry L. Langer 20 East 68 St., NY, NY 10065 T:212-517-5942 E:harrylanger@hllanger.com
Support HuffPost
Our 2024 Coverage Needs You
Your Loyalty Means The World To Us
At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.
Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.
Would you join us to help keep our stories free for all? Your contribution of as little as $2 will go a long way.
Can't afford to donate? Support HuffPost by creating a free account and log in while you read.
As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
Contribute as little as $2 to keep our news free for all.
Can't afford to donate? Support HuffPost by creating a free account and log in while you read.
Dear HuffPost Reader
Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.
The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?
Dear HuffPost Reader
Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.
The stakes are high this year, and our 2024 coverage could use continued support. If circumstances have changed since you last contributed, we hope you’ll consider contributing to HuffPost once more.
Already contributed? Log in to hide these messages.