Aiding and indebting.

• Author: Bailey, Ronald
• Position: Sub-Saharan Africa, where does foreign aid go? - Brief Article

Since 1960 the world has dumped $450 billion in aid on the 48 countries of sub-Saharan Africa. Last summer eight wealthy nations pledged to double their assistance to the region by 2010. But despite the push to give, evidence that aid boosts economic development is hard to come by. Between 1975 and 2000, aid to Africa averaged $24 per capita, while aid to South Asia was $5. During those 25 years, per capita GDP in Africa sank, while South Asia's per capita GDP more than doubled.

So...