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Free exchange: Aid to the rescue

Posted on 15 August 2014

Fifty years ago the first United Nations Conference on Trade and Development launched a debate about how much money rich countries should give to poor ones to reduce poverty and bolster growth. In the end, the UN settled on a figure of 0.7% of national income—a target subsequently reaffirmed by endless international powwows.
Although few countries have met it, aid spending in real terms has nonetheless increased steadily ever since, to $134.8 billion in 2013. Yet economists are still arguing about how much the aid helps—if it helps at all………………………………………..Full Article: Source


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