First, According to Deaton, and the economists who agree with him, much of the $135 billion that the world’s most developed countries spent on official aid in 2014 may not have ended up helping the poor.
Second, Even as the level of foreign aid into Africa soared through the 1980s and 1990s, African economies were doing worse than ever Third, Many economists were noticing that an influx of foreign aid did not seem to produce economic growth in countries around the world. Rather, lots of foreign aid flowing into a country tended to be correlated with lower economic growth In my next blog post I will research: why do poor countries really trade with rich countries.
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