Tuesday, 5 November 2013

The Dark Side of Foreign Aid

http://thediplomat.com/asean-beat/2013/11/05/the-dark-side-of-foreign-aid/

One particularly fascinating paragraph: "However, the impact from aid has not been proportionate to the amount of money donated. Foreign aid’s biggest downside is that no clear, effective system has been put in place to hold aid recipients and their governments accountable for resources illegally taken from public sector coffers – a long-standing, and still very present, trend from Asia to Africa to Latin America/Caribbean to Europe. Unfortunately, the absence of that system reinforces social inequities and perpetuates cycles of political abuse that has led to a sophisticated new form of authoritarianism – one that empowers the elite few, while keeping a majority of people in abject poverty." 


No comments:

Post a Comment