sunb!
Forum Barbecuer
Missileer said:Sunb, the impact on the economy of poor nations like in Latin America is that buying any resource at all from them makes jobs and pumps money into the economy. President Bush promised the leaders in African and Latin American countries that we would purchase more from them and he's trying to keep that promise. These countries need dollars badly and that is one way to spread a little wealth which can't be a bad thing if it eases poverty levels.
Do a little research on how many other rich countries are doing something similar and post it. I, for one would like to see who is fighting third world poverty and who's not bothering.
Yes I am sure the US do a great job of helping developing countries, I haven't been questioning that in no way at all. Please have in mind that it is not just by importing oil and goods from developing countries that help their economy - subsidiaries, lowered toll rates and lots more are issues that must be taken into consideration - very complicated issue, but anyways for your pleasure the list for the European Union is as follows:
Origin of EU oil imports:
Norway: 20 %
Russia: 14 %
Saudi Arabia: 12 %
United Kingdom: 10 %
Libya: 09 %
Iran: 08 %
Iraq: 07 %
Nigeria: 04 %
Syria: 03 %
Algeria: 03 %
Others: 10 %
Well, whose on top?