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4fb9d08492 The West spent $2.3 trillion and still had not managed to get four-dollar bed nets to poor families. In 1995, the director of the US aid agency defended his agency by testifying to his congress that 84 cents of every dollar of aid goes back into the US economy in goods and services purchased. is one nation which has been active in sending military troops as allies to invaded territories in Asia and in other parts of the world for so many years. Furthermore, the recipient then has less control and decision-making on how aid money is spent. He was very critical of US policies, and vented his frustration that despite many well-publicized trade missions, we saw virtually no increase of trade with the poorest nations.
Smith further qualifies, rather than giving money that can be squandered away, perhaps the best form of aid would be industry, directly:Do Not Give the Needy Money: Build Them Industries InsteadWith the record of corruption within impoverished countries, people will question giving them money. Powerful countries helped war-stricken countries at times of turmoil and chaos. dollar and worldwide price inflation, the 18.4 percent annual increase of ODA reported for 2003 relative to 2002 falls to around a quarter of that figure, [Kofi Annan] notesArabella Fraser, policy advisor for the international humanitarian organization Oxfam, is equally guarded noting that Rich country self-congratulation is unwarranted, because Aid levels are still pitiful way below the promise of 0.7 percent, which was made 35 years ago.With only around 40 cents in every dollar spent on overseas aid actually reaching the poorest countries, Fraser said that the recent report shows that aid flows are largely dictated by geo-strategic concerns rather than by efforts to reduce poverty. 2001 onwards has seen a trend of increased aid. privatizing water services where the poor often can no longer get access to water115).Instead, Easterly, like others such as J.W. He also adds that it is killing more people than the philanthropy saving. But Shultzs statement shouldnt surprise us. For more details, see the entire section on this site that discusses this, in the Poverty and Food Dumping101 part of this web site.For the worlds hungry, however, the problem isnt the stinginess of our aid. United States31,49031,46030,68731,0800.210.20.190.19And who gets what?The OECD web site also provides some breakdowns of how the money is given:All DAC aidFrom USAOther countriesAll DAC aidSource: Aid at a Glance 2011-2012, OECD Web SiteFrom USASource: Aid at a Glance 2011-2012, OECD Web SiteOther countriesYou can also see a full list of country breakdowns32 from the OECD web site.When broken down by region since 1970 the poorest countries have received just a quarter of all DAC aid:Recent years, however, show a similar trend, with the poorest countries receiving a quarter of all aid:While aid to the wealthier developing countries has reduced somewhat, the portion going to the poorest countries has hardly changed. It would also not be surprising if aid declines or stays stagnant for a while, as things like global financial problems not only take a while to ripple through, but of course take a while to overcome.During recent years, some developing countries have been advancing (think China, India, Brazil, etc).