Foreign Aid: At Crisis Point

The storms that forever rage over foreign aid have all but obscured the fact that it is a relatively recent and radical experiment in international cooperation. Only for a couple of decades have the world's richer nations observed a general commitment to help the more than 100 less developed countries that embrace two-thirds of mankind. The results have been mixed, but there have been enough signs of success to merit strong support for the experiment. Yet after a year-long study sponsored by the World Bank, an eight-member commission headed by former Canadian Prime Minister Lester B. Pearson warned in...

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