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Aid vs Trade

Andrew Rugasira writes in the FT:

Has any nation ever developed by way of handouts? The British industrial revolution for example, was fuelled by home grown technological breakthroughs that defined Britain as a truly modern society.
Pro-aid campaigners argue that providing aid to accountable governments is a means of stimulating their economies. This is nonsense. Giving aid to poor countries and working exclusively through their government agencies makes accountability worse rather than better.
Africa's only viable and sustainable strategy for economic growth is one based on trade and not aid.

via PSD Blog

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