school, books, experiences: in my own words (more or less).

Location: Oshawa, Ontario, Canada

Tuesday, July 19, 2005

Live 8: Maybe not such a good idea?

Some links to interesting opinions on why foreign aid may be doing more harm than good:

Excerpt from "For God's Sake, Please Stop the Aid!" - Thilo Thielki of SPIEGEL interviews James Shikwati:

"The Kenyan economics expert James Shikwati, 35, says that aid to Africa does more harm than good. The avid proponent of globalization spoke with SPIEGEL about the disastrous effects of Western development policy in Africa, corrupt rulers, and the tendency to overstate the AIDS problem."

Excerpt from "The Economics of Aid" - Bubblegeneration post by Mahashunyam:
"What poor countries need is help in building up infrastructure, reform of governance structures, and skills and competence building to create human capital. Then they need to build their economies through entreprenurship and access to rich country markets in a fair trade regime. More aid and debt relief are just recipes for continuing the disaster in poor countries while presenting profiteering opportunities to well-connected rich country producers."


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