THE BLOG
11/08/2014 04:41 pm ET Updated Jan 08, 2015

Foreign Aid to Create Jobs

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.

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Harry L. Langer 20 East 68 St., NY, NY 10065 T:212-517-5942 E:harrylanger@hllanger.com