The reasons why aid and trade are better

Yesterday there was a speech by the Prime Minister outlining the dangers of Africa to nations becoming over-reliant on economic aid from China as it is an authoritarian democracy and that all states that move in transition to democracy will be welcomed.

When aid budgets were cut in previous recessions and when newly independent democracies entered recession owing to bad economic planning and failing crops which compounded regional recessions into global ones.

Hence aid for economic development is a good thing and needs to be sustained and coordinated intergovernmentally so that if Chinas economy were to contract and they seek to reclaim some of the other governments bonds, there isn't a global economic panic or a descent into militarism as a way for economic recovery.

That doesn't work and could hamper any nation reliant on reserve armed services whose jobs there and in the real world are in construction. Aid and trade is better than fear and nuclear weapons so that new states such as Eritrea, South Sudan and Palestine have the best possible start and less people are radicalised to be the next Bin Laden.

Hence there may be a need for Sovereign debt payments to be restructured internationally over a longer time period as occurred with The UKs World War 1 debt (only paid back fully by the 1980s and 1990s) and when the US Dollar went off the Gold Standard in the 1970s.