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Old 06-14-2013, 12:32 PM
 
Location: Allendale MI
2,523 posts, read 2,203,791 times
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The UN has been trying to figure out why counties that get more aid are worse off than others. This conversion pretty much tells it all.


SPIEGEL Interview with African Economics Expert: "For God's Sake, Please Stop the Aid!" - SPIEGEL ONLINE
http://online.wsj.com/article/SB123758895999200083.html

Last edited by Michigantown; 06-14-2013 at 12:40 PM..
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Old 06-14-2013, 12:53 PM
 
Location: Allendale MI
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Andrew Mwenda takes a new look at Africa | Video on TED.com
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Old 06-14-2013, 12:58 PM
 
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Short term in emergency situations aid is something we should supply. Long term aid destroys local economies, local farmers can't compete with free. Simple as that.

As cruel as this sounds unless it's an emergency situation like a natural disaster all aid to these countries has to be stopped becsue you're just creating a worse situation down the road. Someone asked me what could be worse than 10 million hungry people? The answer is 20 million hungry people. These people need to be able to support themselves, the more aid we give the bigger the long term implications will be.
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Old 06-14-2013, 01:02 PM
 
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Quote:
Originally Posted by Michigantown View Post
The UN has been trying to figure out why counties that get more aid are worse off than others. This conversion pretty much tells it all.

You cite a 2005 article... allow me to bring you up to speed.

BBC News - World Bank: Africa's economic growth to outpace average

Regional Economic Outlook: Sub-Saharan Africa - Maintaining Growth in an Uncertain World, October 2012 -- Table of Contents

EconoMonitor : EconoMonitor » Africa: Second Fastest-Growing Region in the World
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Old 06-14-2013, 01:07 PM
 
Location: Allendale MI
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Guess what large Asian country started to invest instead of throwing money to dictators.
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Old 06-14-2013, 01:17 PM
 
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Quote:
Originally Posted by Michigantown View Post
Guess what large Asian country started to invest instead of throwing money to dictators.
Like your cited articles you are way behind the news curb since China has had an active African policy since the wars of independence including support for Robert Mugabe's ZImbabwe African National Union that dates back to 1980. So you see, China has never had the slightest qualm about throwing money at dictators.

As for China's investment vs foreign aid, while there is no doubt that China has made a significant capital investment in the continent China's foreign aid has also grown by leaps and bounds and has been estimated to exceed $75 billion over the last 10 years. The vast majority having gone to health, "government", and education.

China commits billions in aid to Africa as part of charm offensive - interactive | Global development | The Guardian
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Old 06-14-2013, 01:17 PM
 
Location: Allendale MI
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Rwanda’s “junk” bond status doesn’t deter investors in end-run around aid cuts | Humanosphere
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Old 06-14-2013, 01:22 PM
 
Location: Allendale MI
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Originally Posted by ovcatto View Post
Like you cited article you are way behind the news curb since China has had an active African policy since the wars of independence including support for Robert Mugabe's Zimbabwe African National Union that dates back to 1980. I also hasten to point out that along with capital investment China's foreign aid to the continent as been estimated at being over $75 billion over the last 10 years the vast majority when to health, government, and education.

China commits billions in aid to Africa as part of charm offensive - interactive | Global development | The Guardian
Go as some African people from different countries and ask them how foreign aid has helped their people. Then ask them how how investments and oil has helped their people.
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Old 06-14-2013, 01:35 PM
 
Location: Allendale MI
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These are the types of deal Africa needs Rwanda strikes 4G internet deal with South Korean telecoms firm | World news | guardian.co.uk
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Old 06-14-2013, 02:30 PM
 
Location: Allendale MI
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Here is an example of flooding African markets with free shirts Is Foreign Aid Bad for Africa? Shirt Charity Spurs Debate - TIME

"Donating clothing is a sensitive topic in Africa because many countries' textile industries collapsed under the weight of secondhand-clothing imports that were introduced in the 1970s and '80s. "First you have destroyed these villages' ability to be industrious and produce cotton products, and then you're saying, 'Can I give you a T-shirt?' and celebrating about it?" says James Shikwati, director of the Nairobi-based Inter Region Economic Network, a think tank. "It's really like offering poison coated with sugar."
Read more: http://www.time.com/time/world/artic...#ixzz2WDzW1pMR
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