Why investing in emerging market companies makes more o...
Covid-19 and its associated lockdowns have, however, underscored the limitations of foreign aid. In Uganda, for example, aid cuts have forced hundreds of thousands of people to the brink of starvation. Even outside such an extreme example, many believe that foreign aid only serves the interests of donor countries and that it either creates dependency or has too many destitution “traps” to be effective. There are also some who argue that most foreign aid is spent on Western consultants instead of the people it’s supposed to help. But if foreign aid is ineffective and we accept that...
Source: dailymaverick.co.za