Saturday, February 10, 2007

Does Economic Aid Hurt Africa?

Came across an article written in 2005 that interviews a Kenyan who argues that international economic aid actually hurts Africa more than it helps. His arguments include that economic aid has a negative effect because, "Huge bureaucracies are financed (with the aid money), corruption and complacency are promoted, Africans are taught to be beggars and not to be independent. In addition, development aid weakens the local markets everywhere and dampens the spirit of entrepreneurship that we so desperately need." You can read the rest of the article here. The idea of immediately suspending international aid to Africa sounds a bit extreme. But a gradual reduction of aid is reasonable. Isn't the oringinal purpose of aid to sustain a country until they can get back on their feet? So what is the long range goal of the international donor community, and what date have they set for Africa to be able to stand on its own?

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