The Index of Economic Freedom: A Tool For Real Reform of ForeignAid
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The Senate soon will vote on H.R. 4426, the U.S. Foreign Operations appro- priations bill for fiscal year 1995. The House already has voted on it; after the Sen- ate vote, differences will be resolved by a joint conference of the House and Sen- ate. An important element of this legislation will be its provisions for aid to Rus- sia and the other New Independent States (NIS) of the former Soviet Union. De- spite billions of dollars in aid, the economies of these countries still are in deep trouble. While there are many reasons for this, one of them surely is the ineffec- tive way in which aid h...