April 26, 2012

The Increasing Irrelevance of Foreign Aid

Tim Worstall, Daily Telegraph

AP Photo

One of the little political battles going on in the background is over the UK's promise to spend 0.7 per cent of our shrinking GDP on overseas development aid. The truth is that it doesn't really matter whether we keep that promise – because the money is virtually irrelevant.

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TAGGED: Foreign Aid, development, Foreign Direct Investment