Friday, October 21, 2005

Not enough US aid - and shame on the Italians!

I'm not sure it's good news:
In the 1970s, 70 percent of resource flows from the United States to the developing world were from official development assistance and 30 percent were private. Today, 85 percent of resource flows from the United States to the developing world are private and 15 percent are public. (Source: USAID)
Many interpretations of this are possible, one of them being the reduction of public resources flow. And the data from the OECD tends to corroborate this. The US have just been beaten to the post by the Italians for their greediness in international aid, but they held the last place for quite a while in the past.

And private resource flow have a very different pattern than public ones. It tends to go to richer regions where the yields are higher. It has different goals: promote a business or an ideology. And if it's US, chances are a lot of it are faith-based. You may think it's a good thing, but to me, centuries of missionaries make me doubt that promoting religions are a good cause.

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