Wednesday, May 25, 2005

Triumph of hope over reality

If $40bn of aid has not relieved poverty in Africa, why do Governments think $80bn of aid by 2010 will achieve it? As the marginal benefit of each additional dollar reduces, a doubling of the aid budget will not double the benefit to Africa.

Will donor country aid need to be spent on donor country goods and services to Africa? This will not assist Africa as much as if the goods and services were provided locally.

1 comment:

Anonymous said...

It is indeed what you say and worse it is financed by us as our taxes are used to uberliberal politicians to help them get over their guilt-trips.