Thursday, July 7, 2011

Aid is Bad for You.

Now I would not say that this is something new, nor that is it a concept that is that hard to understand. We all remember, or should remember our mother's telling us to work for our sweet, film or whatever money rather than just being given it.

The Economist blog, Baobab, has this to say about aid and being given money, quoting Nicholas Eubank, a researcher at Stanford University (who)...
claims that some of Somaliland's success is down to a dearth of aid. Donors cannot give aid directly to the government since it is not recognised as such. It has been dependant on raising local tax revenue, which the paper says citizens have used as leverage to make the government more inclusive, representative and accountable. For those looking to bash the multi-billion dollar aid industry, it is an appealing thesis.
see Mo money mo problems

from Baobab (original article dated June 24, 2011)



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