The Millennium Challenge Account
interesting article on
Marginal Revolution regarding the proposed Foreign Aid proposal by Bush...
bq. The Bush administration is proposing to increase our foreign aid budget by 50 percent over the next five years. A new bureaucracy, the Millennium Challenge Corporation, would be created. Here is a
summary from Slate.com
Tyler's comment:
bq. I remain to be convinced that this is a good idea. The countries that are truly reforming need foreign aid the least. The plan works best if you think that politicians want to push more reforms, but lack the cash to pay off special interests. The plan also works if you think that we can bribe politicians to reform. The plan works worst if you think that foreign aid leads to corruption and inferior policy. In that case we are penalizing the success stories and pushing them in the wrong direction. Of course, the very push for reforming foreign aid implies there is some truth to the latter possibility.
Interesting stuff...
Posted by DaveH at December 23, 2003 10:36 AM