Increasingly we must realise that aid is not the answer -- or at least not all of the answer. There is no argument for immediate self-sufficiency. Not for the hungry people of Zimbabwe. Not for the displaced people of Darfur. Aid for humanitarian purposes is and will be necessary in Africa for the foreseeable future. But securing stability and sustainable wellbeing must come through other means.
What might those be? Fair trade and debt relief offer a far more sustainable path towards security and development...This will require much better terms of trade...If the barriers to entry into wealthy markets are lowered, investment could increase and employment could grow...In addition, our continent needs to harness its diaspora as India has done...Remittances should be leveraged: every year a whopping $100-billion is transferred by migrants to their home countries. In some areas, these remittances are paying a development dividend.
via YaleGlobal
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