April 26, 2012
The Increasing Irrelevance of Foreign Aid
Tim Worstall, Daily Telegraph
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.
TAGGED: Foreign Aid, development, Foreign Direct Investment