Epilogue to the article about economic development of Islamic countries (16)

Author writes:

“Instead they subsidize farm inefficient production in their own counties to the value of US$350 billion annually, depriving poor countries of this production, market, and income.

By comparison, foreign aid is only US$50 billion.

This immoral policy can be described as amounting to a kind of extortion by rich countries against the poor.

Many developing countries are quite justified in complaining that for this reason their relative poverty is not their fault.

The global distribution of income, and inequality between countries, is partly caused by this inequitable trade policy.

But it is not a policy specifically directed at Islamic countries.

It is a case of vested interests and national interests overriding what is best for the welfare of the world community.

By policies such as this, many developing countries are constrained from achieving greater economic development by circumstances beyond their control.”