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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: bob who wrote (26603)2/4/2002 5:42:46 PM
From: sylvester80  Read Replies (1) of 99280
 
U.S. AID LAGS DEVELOPED NATIONS

msnbc.com

Specifically, Annan called for a doubling of aid to $100 billion by rich governments, many of whom are still short of the U.N.-recognized goal of 0.7 percent of a nation’s gross national product to be given as aid. The United States donates about 0.1 percent of its $10 trillion economy on foreign aid, a lower per capita proportion than most other industrialized nations.
Aid should be accompanied by trade as well as debt relief to the least developed nations, Annan said, noting that only a handful of developing countries attracted foreign investors.
Annan was not the only speaker to address the inequality of power and wealth in the world, with 1 billion people living on less than $1 a day. Secretary of State Colin Powell, for example, told the forum that “terrorism really flourishes in areas of poverty, despair and hopelessness, where people see no future.”
“We have to make sure that as we fight terrorism using military means and legal means and law enforcement and intelligence means,” Powell told the group Friday. “We also have to put hope back in the hearts of people. We have to show people who might move in the direction of terrorism that there is a better way.”
Forum participants painted the Sept. 11 attacks as a global wake-up call and encouraged efforts against poverty, the AIDS epidemic and other scourges that have bred frustration and anger toward wealthy countries.
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