The following is a
great article from the Wall Street Journal about why traditional foreign aid is hurting Africa, although the same principles apply to all developing countries, including Peru. I highly recommend this to everyone who's interested in poverty alleviation, ministry to the poor, economic development, etc.
It starts with the following provocative introduction.....
Money from rich countries has trapped many African nations in a cycle of corruption, slower economic growth and poverty. Cutting off the flow would be far more beneficial, says Dambisa Moyo.
Happy reading!
Read the article here.
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