Unfair World Trade Cycle

I think that the world trade cycle is unfair and doesn’t give LEDC’s (less economically developed countries e.g. Kenya) to escape the clasp of poverty. This is because LEDC’s import expensive goods and technology from MEDC’s (more economically developed countries e.g USA) and export cheap goods such as bannanas to MEDC’s. This creates a TRADE DEFECIT, hence LEDC’s lose money. On the other hand MEDC’s export expensive goods and import cheap goods, therefore MEDC’s create huge profits and stay rich. The unfair trade cycle keeps rich countries rich and poor countries poor. I think to give poor countries the chance to escape the cycle of poverty they should not be taxed for exporting their goods. What do you think? Raise awareness about inequality.

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