November 26, 2011

The End of Foreign Aid

Tony Blair, Washington Post

AP Photo

Fifty years ago, the scene in Busan, South Korea, would have been a familiar image of international aid: sacks of grain stacked precariously on a crumbling dockside. The backdrop would have been a country emerging from war and dependent on outside assistance to meet the most basic needs. But when national and development leaders gather in Busan this week to discuss the future of aid, they will see a very different place: the fifth-busiest commercial port in the world, transporting advanced technologies around the globe. This, writ small, is the Korean miracle — the transformation of a country from aid-dependent to aid donor.

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TAGGED: Foreign Aid

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