Making aid work
Article Abstract:
Foreign aid can be useful in helping to promote economic growth if the recipient country uses a particular set of economic policies such as fiscal restraint, an attempt to keep inflation low, and openness to international trade. There are many poor countries such as Uganda, Ethiopia and India which are both poor and have relatively good economic policies. Aid is often wasted since it often goes to countries with the wrong policies. These countries could receive institutional or technological aid, but aid in the form of cash may be better directed elsewhere.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Silent sting
Article Abstract:
DDT has been banned in developed countries following revelations that it could harm wild birds and humans, and could travel long distances. The United Nations Environment Programme is coordinating talks of a global pact to control the way that 12 organic pollutants are used. DDT is used to combat malaria in some countries, and malaria is a worsening problem which has an economic impact. There is a need to tackle the problem of malaria through aid from rich countries, which should not call for DDT to be banned completely.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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White man's shame
Article Abstract:
Developing economies argue that they are under pressure to open domestic markets too rapidly, while markets of richer countries are closed. Developing countries are also less able to bargain for favorable terms of trade, they argue. Openness to imports can help economies by cutting the cost of goods for consumers and by encouraging greater efficiency. Rich countries have been protectionist in keeping out goods from poorer countries. Progress could be made in new negotiations organized by the World Trade Organization.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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