Myth: More Foreign Aid Will End Global Poverty
Well, the ABC News article's title is a bit misleading. It's not a myth, but foreign aid has to be accompanied by reductions in corruption and eliminating warfare and conflict in order for Africa to improve. (To analogise, currently it's just like pumping funds into a company managed by a rotten board of directors with a subset of employees and competitors who periodically destroy/steal the company assets.)
http://www.abcnews.go.com/2020/print?id=1955664
Well, the ABC News article's title is a bit misleading. It's not a myth, but foreign aid has to be accompanied by reductions in corruption and eliminating warfare and conflict in order for Africa to improve. (To analogise, currently it's just like pumping funds into a company managed by a rotten board of directors with a subset of employees and competitors who periodically destroy/steal the company assets.)
http://www.abcnews.go.com/2020/print?id=1955664