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Letters | Rhetoric and reality of federal financial dependence

Letters | Rhetoric and reality of federal financial dependence
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Africa s Century of Growth? | Phenomenal World

Foreign Aid: An Instrument for Progress?

WeblogBahamas.com by Peter T. Bauer (Lord Bauer) (1915–2002) Thursday, December 1, 1966 This article was originally published on FEE.org. Read the original article. Foreign aid is clearly not a neces­sary condition of economic devel­opment. This fact is obvious from the history of the developed coun­tries, all of which began poor and have invariably progressed with­out government-to-government aid. It is clear also from the his­tory of many underdeveloped coun­tries Hong Kong, Japan, Malaya which have advanced in recent decades without foreign aid. Nor is foreign aid a sufficient condition of economic advance or even a generally effective force in its promotion. Indeed, its failure to advance living standards in poor countries after more than a decade of its operation is recognized in current discussions which empha­size the continued low living stand­ards in the recipient countries and insist on the need for indefinite continuation of aid at present or higher leve

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