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On Morten Jerven’s The Wealth and Poverty of African States.

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...