Developed countries should not simply hand money to third world countries, as this gives no incentive to develop responsible government or fiscal policies. Dambisa Moyo, an international economist from Zambia, comments on foreign aid, stating that “aid is easy money” (Collier). If a person were to give a man in need a small sum of m...
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...y establish a business by loaning it money through microloans reduces poverty permanently.
Collier, Paul. "Dead Aid, By Dambisa Moyo." Rev. of Dead Aid, by Dambisa Moyo. The Independent 30 Jan 2009. Web. < http://www.independent.co.uk/arts-entertainment/books/reviews/dead-aid-by-dambisa-moyo-1519875.html>.
Shah, Anup.“Poverty Facts and Stats.”Global Issues. 20 Sep. 2010. Web. 10 Jan. 2012.
O’Hanlon, Ellis. “Aid is not the only answer to Third World problems.” Irish Independent News.
Collect Educate Advance (CEA)
"How aid works (or doesn't)." African Business Feb. 2009: 22+. Gale Student Resources In Context. Web. 16 Jan. 2012.
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