Foreign Aid: An Instrument for Progress?
WeblogBahamas.com by Peter T. Bauer (Lord Bauer) (1915–2002) Thursday, December 1, 1966 This article was originally published on FEE.org. Read the original article. Foreign aid is clearly not a necessary condition of economic development. This fact is obvious from the history of the developed countries, all of which began poor and have invariably progressed without government-to-government aid. It is clear also from the history of many underdeveloped countries — Hong Kong, Japan, Malaya — which have advanced in recent decades without foreign aid. Nor is foreign aid a suffici...
Source: weblogbahamas.com