ECONOMIC GROWTH VS FOREIGN AID

“Moyo argues that economic growth is the most important factor in reducing worldwide poverty. Prosperity will create a middle class that stabilizes the country, as citizens demand a say in how they’re governed. Thus, the first steps in the development of a healthy state are not the establishment of accountable governments, transparent legal systems and more overall freedom, in her opinion. “Economic growth is the prerequisite for a liberal democracy, not the other way around.” For example, in her home continent, Africa, Botswana originally one of the poorest countries is now one of the fastest growing economies, the least corrupt country in Africa, that has little foreign aid, and has a high level of economic freedom compared to other African countries.”

Economic growth is the most effective alleviation of poverty. Much more so than redistributionary policies. And foreign aid too often ends up in the hands of tyrants.

http://blog.keirsey.com/2015/04/03/a-honest-disagreement-about-the-future/

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