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07/19/2007: "Aid to poor countries does not help them at all"

Aid to poor countries has little effect on economic growth, and policies that rely on such claims should be reexamined, two former International Monetary Fund economists wrote in a paper released this
month.

"There is a moral imperative to this question: it is a travesty for so many countries to remain poor if a relatively small transfer of resources from rich countries could set them on the path to growth."

But if there is no clear evidence that aid boosts growth, then handing out more money makes little sense, they said.

[ Their moral imperative is disconnected from the impolite but pragmatic reality: these countries are poor for a reason. Either they failed from a higher state, or never got off the ground, but either way, they're disorganized and their people are often dumber than those of other nations. The correct response to the third world is to let nature take its course, regardless of ethnicity -- this includes Russia and other starving white nations. ]

http://news.yahoo.com/s/nm/20070718/pl_nm/aid_growth_dc