July 9, 2005

"For God's sake, please stop the aid"

That's what a Kenyan economist asks in this interview in Der Spiegel, a German magazine. He's got some pretty good points. Foreign aid supports corrupt African politicians, maintains inefficient and wasteful bureaucracies, collapses local economies, and does little to help individual Africans.

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Posted by ryan at July 9, 2005 8:45 AM | TrackBack
Comments

Many, many economists agree with this. Good intentions aren't enough. One of the best things we could do for Africa and Central America is end our farm subsidies. After that, we need to promote good government and the institutions necessary for the creation of wealth. CAFTA would be a step in the right direction for our own hemisphere.

More from Shikwati and others:

http://www.acton.org/press/special/aid2africa.html

Thomas Friedman is also very thoughtful on these issues.

Posted by: nick at July 9, 2005 9:24 AM

Wow, this was a great interview. I never thought about it that way before.

Posted by: marie g at July 14, 2005 6:04 PM
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