Skip to main content

Financing Corruption in Third World Countries

Great article by Nile Gardiner on the problems with debt forgiveness and all the feel-good anti-poverty campaigns going on.
Rather than end poverty, more aid would "perpetuate a culture of dependency in the continent," impeding necessary reforms. And too much aid has wound up with political elites, cementing their power.
The conclusions is priceless! This is real solutions for real world problems. Why can't
Advancing Economic and Political Freedom in Africa
Africa’s problems cannot be solved simply by spending more money on development assistance, and President Bush should not hesitate to convey the message that the United States will not support a huge increase in foreign aid.At the G-8 summit, President Bush should argue that the specter of poverty in the African continent can best be challenged through open trade, increased foreign direct investment (FDI), and sustained political pressure on African governments to liberalize their economies and advance economic and political reform. The greatest gift the West can give to Africa and the developing world is not yet another short-term handout measured in dollars, pounds, or euros, but the seeds of liberty and freedom and a long-term commitment to holding African leaders to account for corruption, misrule, and human rights abuses.
Read the whole piece.

Comments

Post a Comment

Popular posts from this blog

Al Cardenas Comments on Univision Democrat Forum

Al Cardenas is Chairman of Romney for President's Hispanic Steering Committee. I got the following email from the campaign. Boston, MA – Al Cardenas, the Chairman of Romney for President's National Hispanic Steering Committee, issued the following statement regarding tonight's Democrat presidential forum on Univision: "Tonight's Univision forum demonstrated once again the consequences that a President Clinton, President Obama or President Edwards would have on the Hispanic community.  Whether it's tax increases for families and the two million Hispanic business owners, socialist-style health care, coddling dictators, opposing free trade with our allies or putting family values last, the Democrat presidential candidates made clear how out of sync their policies are with the best interests of the Hispanic community. Mitt Romney has put in the effort to reach out to this vital bloc, and, after watching tonight's debate
Post a Comment
Read more

Harry Potter Mania -- Discussion

There is a great discussion going on at WorldMagBlog on the whole Harry Potter mania. Nothing to do with Latinos, I suppose, but I thought I would ad my two cents. A reader commented: I think its interesting how much people want to be in a group that is all connected by some common thread. It says a lot about our desire for homogeny, not always along racial, sexual or religious lines, but also simply based on what we do in our spare time. The interesting thing about Harry Potter fans vs. Star Trek fans is that a vast majority of them are kids who have grown up with the books, or the parents of said kids. I wonder if what sort of effects this will have on them as they get older (and whether or not they will remain HP fans). We live in an obsessive culture. Posted by David B. at July 22, 2005 07:54 AM This is an interesting phenomenon. I would think it is indicative of our society, more than anything else. I tend to agree with the idea that it shows a desire or need for communi
Post a Comment
Read more

Communism: Good Money for the "El Viejo"

I guess Fidel Castro is doing ok . Forbes lists Castro as one of the richest in the world, right up there with the Queen of England. I bet he didn't like the attention. It was hard to figure it out, but it seems they managed to throw some numbers together. In the past, we have relied on a percentage of Cuba's gross domestic product to estimate Fidel Castro's fortune. This year we have used more traditional valuation methods, comparing state-owned assets Castro is assumed to control with comparable publicly traded companies. A reasonable discount was then applied to compensate for the obvious disclosure issues.
1 comment
Read more