Foreign aid: The good, the bad and the ugly | The Voice Online: "At the macro level, research shows that aid has no link to economic development. But it does seem to encourage corruption and bad practises.
The best way a donor country can help a poor country is in fact to open its markets to their products. This will encourage local production, with all of the beneficial effects, and generate a value stream that multiplies in the local economy.
This is how the Marshall Plan at the end of the Second World War helped a devastated Europe to recover. The export route is a well-trodden path (ask Japan, South Korea, Germany) to wealth and prosperity and it is the one poor countries should be helped to get on. It will help avoid corruption, increase best practices and create a culture of work and enterprise. And fight corruption."
'via Blog this'
Tuesday, June 21, 2016
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