Thursday, April 02, 2009

Foreign Aid: to give or not to give?

A few weeks ago I blogged about the Q/A with Dambisa Moyo, which was in the NY Times magazine. In that interview Moyo had a neat argument:
Think about it this way — China has 1.3 billion people, only 300 million of whom live like us, if you will, with Western living standards. There are a billion Chinese who are living in substandard conditions. Do you know anybody who feels sorry for China? Nobody.
Forty years ago, China was poorer than many African countries. Yes, they have money today, but where did that money come from? They built that, they worked very hard to create a situation where they are not dependent on aid.
Here is Dambisa Moyo jousting with Stephen Colbert:

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Dambisa Moyo
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