August 22, 2007

Corruption and foreing aid

Payments to the governments of poor countries would be depleted by corrupt practices. The corruption is, while not the sole reason, a reason why these countries have remained poor for decades after colonial involvements ended. Richer countries should, out of self interest, advise and enable poor countries to develop infrastructure in a way that avoids some of the mistakes made by the rich countries when they were developing. Don't just hand over money, though.

The best example for this situation is the Africans countries, where millions of dollars is sent every year, but you can see that all this money end in a Swiss bank account, under the name of an African leader.

1 comment:

Jamielee said...

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