Parks, the executive director of research lab AidData at the College of William and Mary, talks with Michael Morell about China's spending on foreign development.
The Administration's American Competitiveness Initiative is thewrong solution in response to a flawed diagnosis. America'scompetitive position is not threatened because the federalgovernment is not spending enough: The problem is that governmentis too big. Excessive government causes the misallocation of laborand capital, and the high tax rates needed to finance it discouragework, saving, and investment.
The Chinese-African relationship is important to both sides, but also unbalanced – Puntland Post puntlandpost.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from puntlandpost.net Daily Mail and Mail on Sunday newspapers.