- Said Obama, "it’s good news that we’ve attracted a company to our shores to build a plant and create jobs right here in America,” he said."...
- 5/26/09, "Aid Ironies: A Response to Jeffrey Sachs," Huffington Post, by Dambisa Moyo
- Jeffrey Sachs' plan of pouring western money in won't help:
- only be achieved through private sector involvement and free market solutions.
Perhaps what I had not gleaned at that time was that Mr. Sachs' development approach was made for countries such as Russia, Poland and Bolivia, whereas the aid- dependency approach, with
- no accompanying job creation, was reserved for Africa.
Mr. Sachs chooses to ignore that relying on aid at a time when the
- United States is facing 10 percent unemployment rate and Germany (another leading donor) could contract by as much as 6 percent,
- is a fool hardy strategy.
The aid interventions that Mr. Sachs lauds as evidence of success are merely
- band aid solutions that
do nothing to lift Africa out of the mire -- leaving the continent alive but half drowning, still
- unable to climb out on its own."...
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