"As a poor region, Sub-Saharan Africa is linked to the global economy more through the flow of financial aid and loans than through the flow of goods."
This quote from the Aid Versus Investment section of your textbook highlights an ongoing debate about how best to assist in African development. Read this section, along with the Global To Local box on the used clothing trade.
The United States is the top donor state to Africa, with former President Bush tripling aid during his administration to about $6 billion by 2006. Read this article (http://www.cato.org/pubs/edb/edb2.pdf) from the CATO institute arguing that the $500 billion in aid since 1960 has created dependency, not development. Money flowing into countries through loans and aid is often invested outside the continent, stolen by corrupt leaders, or spent on ill-adivsed programs.
What do you think? Should the U.S. and other foreign governments and NGOs continue to provide aid, or should they focus on developing trade, industry, and infrastructure?
This quote from the Aid Versus Investment section of your textbook highlights an ongoing debate about how best to assist in African development. Read this section, along with the Global To Local box on the used clothing trade.
What do you think? Should the U.S. and other foreign governments and NGOs continue to provide aid, or should they focus on developing trade, industry, and infrastructure?
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