Louis Turner

The essential difference between rich and poor nations (say the less-developed countries) is the percentage between the purchase price of an ounce of raw cocoa in West Africa and the selling price of a Hershey bar in New York (or, indeed, Accra). The poor nations get only the fluctuating price of the raw commodity, determined by outside buyers. The rich countries receive the value added by transporting, manufacturing and packaging the commodity into an end product, along with all the jobs and industry created - from shipbuilders and wax paper manufacturers to advertising agencies.