Monday, January 31, 2011

Development Aid--What Does The Money Buy?

I was looking at the total amount of dollars spent by the West on development programs around the world and I started to wonder how much of that is spent on their own workers--the "Expert Consultants." Here is the graph on the total amount of development aid provided by various countries expressed as a percentage of their GDP.

Ghintang Economics' source: http://www.economist.com/node/15542846 
Here (CLICK HERE) is an explanation on the high cost of foreign consultants and experts brought in by a lot of these agencies and the problems associated with that practice.

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