Mitt Romney on Tuesday called for an overhaul of the U.S.'s foreign aid programs, saying the U.S. could better serve developing countries by encouraging private investment and entrepreneurship. Speaking at the Clinton Global Initiative in New York City, Romney said his plan was "a new approach for a new era," in which the U.S. would rely less on traditional social-service programs to move the developing world toward prosperity. President Obama also addressed the Clinton Global Initiative, delivering a passionate address on the need to combat human trafficking.
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