Aid doesnt Work

Fredrik Erixon writes "...Countries are not poor because they lack roads, schools or health clinics. They lack these things because they are poor – and they are poor because they lack the institutions of the free society, which create the underlying conditions for economic development. Aid has it upside down... Botswana chose to empower its people with inclusive economic institutions instead of pursuing socialism like many of its African counterparts. As a result, it has experienced the world’s highest rates of economic growth in the past 30 years, and its people are far better off – with per capita incomes of around $8000 per year, compared with less than $1000 in many African countries..."
Via Global Growth