It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Economists: Economic aid to poor nations as ineffective

page: 1
0

log in

join
share:

posted on Jul, 18 2007 @ 06:52 PM
link   

Economists: Economic aid to poor nations as ineffective


news.yahoo.com

WASHINGTON (Reuters) - Aid to poor countries has little effect on economic growth, and policies that rely on such claims should be reexamined, two former International Monetary Fund economists wrote in a paper released this month.

We find little evidence of a robust positive correlation between aid and growth," wrote Raghuram Rajan, who stepped down as IMF chief economist at the end of 2006, and Arvind Subramanian, who left the IMF this year, said.
(visit the link for the full news article)




posted on Jul, 18 2007 @ 06:52 PM
link   
Is anybody surprised here? I mean look at all the aid spent and sent to Africa or any other area adn the problems persist. You cannot simply throw money at the proble. Its at best a temporary bandaid. The key to helping these countries is to use the money to set up an infrastructure that allows them to grow and become independant.

news.yahoo.com
(visit the link for the full news article)



posted on Jul, 18 2007 @ 07:07 PM
link   
I think that the problem is that the money and food supplies end up in the hands of certain groups and not in the hands of the people that need it.



new topics
 
0

log in

join