The cat i' the adage

"The growth of knowledge depends entirely on disagreement" Karl Popper (1902 - 1994)

Sunday, July 03, 2005

Aid and poverty

The Globalisation Institute reports on research that links aid to economic failure:

On the eve of the G8 summit, a report published by the Globalization Institute shows that that for every 1% increase in development aid received by a developing country, there is a 3.65% drop in real GDP growth per capita.


Concerning Live8, my feeling is that if people are prepared to spend their own money making things worse in Africa that's up to them; but if they want to spend other people's money to prop up the continent's kleptocracies they invite our lasting contempt.

4 Comments:

At 3 July 2005 at 21:17, Blogger Jorgen said...

There is no powerty in Africa. Here you can see what a general and a president earns and form those deduce what the common people earns :)

1.- General Sani Abacha of Nigeria: $20 billion
2.- President Félix Houphoüet-Boigny of Ivory Coast: $6 billion
3.- General Ibrahim Babangida of Nigeria: $5 billion
4.- President Mobutu Sese Seko of Zaire: $4 billion
5.- President Mousa Traore of Mali: $2 billion
6.- President Henri Bedie of Ivory Coast: $300 million
7.- President Denis N'guesso of Congo: $200 million
8.- President Omar Bongo of Gabon: $80 million

From the Spanish http://www.hispalibertas.com/comments.php?id=P2493_0_1_0

 
At 4 July 2005 at 07:27, Blogger rexie said...

I notice that Ivory Coast has two Presidents which at least starts to address the issue of wealth distribution.

 
At 4 July 2005 at 21:29, Blogger Jorgen said...

Yeah, it could look like the French robbed Bedie blind since he only got measly 300 mil. Geldorf is probably now busy packing a few millions to the current president.

 
At 11 July 2005 at 19:43, Blogger DirtCrashr said...

Wow... I wish I spoke Spanish, that's a neat blog-link, thanks.

 

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