The intro:
"There was a time when young people who wanted to save the world would become doctors, scientists or teachers; move to Africa to devote their lives to helping the poor; or even study economics, human rights law or international relations. Now, it seems, they go to rock concerts. Its much less hassle."The point:
"Poverty in Africa cannot be reduced through government-to-government financial transfers, which never trickle down. This kind of aid perpetuates poverty, promoting poor government policies and corruption, rather than real and lasting economic growth. Sadly, this will be the outcome of the current effort."
Some data:
"A separate study from the Globalisation Institute this weekend finds that for every 1% increase in aid received by a developing country, there is a 3.65% drop in real GDP growth per person."
"(A) recent estimate by Mallam Nuhu Ribadu, the chairman of Nigerias Economic and Financial Crimes Commission (is) that country's politicians had stolen or squandered $396 billion since independence in 1960, six times the total value of the aid handed out by the US to Europe during the Marshall plan after the second world war."
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