Expensive Poverty
Africa has received $1.2 trillion in development assistance since 1990. Even though donors have spent more than $1 000 per person over these 30 years, the average income of sub-Saharan Africans has increased by just $350. The continent has very little to show for this money, some of which has been consumed by the donors themselves, much of it by local governments and elites. There must be a better...
Africa has received $1.2 trillion in development assistance since 1990. Even though donors have spent more than $1 000 per person over these 30 years, the average income of sub-Saharan Africans has increased by just $350. The continent has very little to show for this money, some of which has been consumed by the donors themselves, much of it by local governments and elites. There must be a better...
