I Love Geography

I Love Geography

Sunday, 5 December 2010

Could Bill Gates be wrong?

According to a tory economist, Peter Bauer, foreign aid is a waster of money, mainaning it often hinders economic growth by inviting corruption and undermining civil society. He argues that instead of cutting back on some government departments having large budget cuts, money should be taken from the Department for Internernational Development (DFID), which is having its £8.7bn budget increased by 37% over the next four years. 2 weeks ago an inquest from the Human Rights Watch looked into the DFID effectivenss, which according to Peter Bauer showed it as incapable of monontiring the £300m it disburses to Ethiopia each year and how the country's dictator uses it to buy and reward loyalty to his regime, with similar stories in Rwanda. ALthough this may be true, Bill Gates proved that governmant aid does make a difference, so perhaps we just need to keep a closer tab on where its going and what its used for.

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