Business: Humanity and the markets

Under these circumstances, humanitarian aid, by providing some of the missing necessities, can help people survive to fight another day. Several donor countries and organizations have been filling warehouses in Cúcuta , Pacaraima , Curaçao, and Puerto Rico with lifesaving food and medicine, but Nicolás Maduro’s dictatorship has denied them entry.

The money collected by selling the food to the distributors can be transferred to those in need to enable them to buy it. If people have bank accounts and debit cards, as most Venezuelans do , then distributing money becomes a simple process of crediting the bank accounts of selected beneficiaries, which is unlikely to slow down the recovery because it can be done faster than distributing goods.

Moreover, a market for humanitarian aid would empower beneficiaries with the choice of what, where, and when to acquire what they need. They would no longer wait for somebody to give them a pre-defined assistance kit, as Venezuela’s government currently does. And the system would create jobs, so that those involved in the effort would earn a living and no longer need assistance.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business: One by One, Global Bond Markets Are Flashing the Same WarningBond yields in Australia and New Zealand dropped to record lows on Monday, after a closely-watched part of the U.S. curve inverted for the first time since 2007 on global growth woes.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK OP-ED: Business schools are SA’s natural partner in the Fourth Industrial RevolutionSouth Africa is playing catch-up, and while it might aspire to become a leading light in the evolving global developments, realistically, the Presidential Commission on the Fourth Industrial Revolution has set its sights on achieving competitiveness and the need for inclusive growth. No
Source: dailymaverick - 🏆 3. / 84 Read more »

MARKET WRAP: JSE slips 1%, tracking weaker global marketsJSE suffered broad-based losses in line with global markets, although platinum miners shone as palladium pushed to a record high
Source: BDliveSA - 🏆 12. / 63 Read more »

China’s Geely promises more models to support sales in uncertain local marketCarmaker remains unsure if target of 1.5-million cars in 2019 can be reached, but remains upbeat on export prospects Crap on wheels...if the haven't fallen off on the test drive...
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Miners help JSE limp higher as banks slumpThe local bourse climbs above 57,000 points for the first time since September, but gains are pared after warnings of continued load-shedding
Source: BDliveSA - 🏆 12. / 63 Read more »