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Kenyan economist James Shikwati argues that aid to developing countries does more harm than good. He says that aid promotes corruption and complacency, damages local economies and teaches people to be beggars.
Most Americans are proud of their contribution, in terms on money, to the third world, so what do you think about this 'bust-a-myth' comment. Here's a bit more about the man:
James Shikwati (born 1970) is a Kenyan libertarian economist and Director of the Inter Region Economic Network who promotes freedom of trade as the driving solution to poverty in Africa. He has made comments which imply that aid towards Africa does nothing but harm to their people, based on the central arguments that it is mainly used either by politicians as a tool to manipulate people and influence votes, or as a mechanism for dumping subsidised foreign agricultural products onto local markets at below cost making it nearly impossible for African farmers to compete.
Most Americans are proud of their contribution, in terms on money, to the third world, so what do you think about this 'bust-a-myth' comment. Here's a bit more about the man:
James Shikwati (born 1970) is a Kenyan libertarian economist and Director of the Inter Region Economic Network who promotes freedom of trade as the driving solution to poverty in Africa. He has made comments which imply that aid towards Africa does nothing but harm to their people, based on the central arguments that it is mainly used either by politicians as a tool to manipulate people and influence votes, or as a mechanism for dumping subsidised foreign agricultural products onto local markets at below cost making it nearly impossible for African farmers to compete.