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Politics : Foreign Affairs Discussion Group
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To: Win Smith who wrote (161041)4/27/2005 4:17:12 PM
From: TimF  Read Replies (1) of 281500
 
If the US did increase its developmental aid to .7% of GDP (or close to $100bil) I think a lot of it would wind up lining the pockets of the third world leaders and their cronies, rather than helping out long term development.

The US has contributed much more to development of the poorer countries of the world by importing their goods than it (or any other country) has through official development aid. Not only is the dollar amount greater but it is more effectively targeted at increasing the production and wealth of other countries rather than enriching third world leaders. (It is however not well targeted at the poorest of the poor countries who don't export a lot) We also effectively provide a subsidy to the rest of the world in security/defense spending and in pharmaceuticals.

Tim
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