Third World Hard Times for Foreign Aid

Hard Times for Foreign Aid Donors are closely examining the efficiency of programs

Their wide, staring eyes and matchstick arms are the all too familiar icons of hunger and despair. The Third World's starving millions are truly the wretched of the earth, and in recent years the affluent West has lavished billions of dollars in efforts to feed them. Yet famine relief is a very small part of the roughly $1 trillion in aid that rich nations have given poor ones since World War II in the largest voluntary transfer of wealth in human history. Throughout the world today, thousands of public and private organizations are spending some $35 billion a year to promote...