>> 29 Sep 2004


In an article from The Wall Street Journal, George Melloan, deputy editor, international, wrote, "A study prepared by economist Peter Boone at the London School of Economics... concluded that little correlation exists between the level of development aid to poor countries and changes in living standards. He discovered no sign that aid flows reduced infant mortality rates, which are perhaps the most basic measure of the welfare of impoverished populations. Indeed, he concluded that the principle effect of foreign aid seems to have been to raise the consumption levels of the richest members of poor countries' populations."

I remember reading this article a few years ago on Bono's thirst to save the Third World and it still rings true. Rock Stars should stick to singing - anything else is just a waste.


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