Sunday, August 12, 2007

Foreign Aid

"Unless we change the system, all the charity in the world won't take us out of poverty." - Elvia Alvarado, Honduran campesino leader. From her biography Don't Be Afraid, Gringo, one of the best books I've ever read.

Compare the above to a quote by Dr. Michael Dyson, "Poverty can be ended world-wide by rich countries doubling their aid to poor nations."

Is more foreign aid really the solution?

Oxford University economist Paul Collier says that foreign aid has not raised growth rates, lessened poverty, or bettered economic policies. "Huge sums of money, accompanied by endless hectoring, lecturing, and setting of conditions, have had, on average, zero impact." - from Development to a Different Drummer

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