Poor countries aren't doomed to remain poor

by Ben Reilly Fri Jan 24, 2014 12:10 am

Take a look at the 20 fastest-growing economies in the world -- all places which are rising out of poverty, in large thanks due to aid from the rest of the world:

Poor countries aren't doomed to remain poor Image211_zpsd7787ee1

Poor countries aren't doomed to remain poor Image211_zpsd7787ee1

Some other fun facts from the video:

* Norway, that socialist cesspool, spends about 3 percent of its federal budget on foreign aid.

The U.S. spends less than 1 percent.

* The development of these countries is good for all of us.

by Beekeeper Fri Jan 24, 2014 10:01 am

IT'S easy to make an economic growth spurt LOOK good when it's starting from a low base, sometimes a VERY low base in half of those examples given here...

UNLESS a country has a few real resources to fall back on, or something to sell or offer in trade (inc. tourism or manufacturing opportunities..) for a bit of foreign exchange (which is in turn, necessary for any imports one may need or desire..) ~ there is a VERY good chance that it will slip back into poverty once that foreign aid is finished..

WHAT happens to Libya when the oil stops flowing ?
NEW GUINEA survives on foreign aid from Australia.
Afghanistan, Ethiopia, Iraq , Niger, Rwanda, Sierra Leone ~ these are all shaky and vulnerable countries, only a step or two away from civil are if all foreign aid as withdrawn. farao

by Guest Fri Jan 24, 2014 10:12 am

I'm sure they'll all remember how we have helped them when the tables are turned, right?

Rolling Eyes

by Guest Fri Jan 24, 2014 10:28 am

BigAndy9 wrote:I'm sure they'll all remember how we have helped them when the tables are turned, right?

Yeah right! On the other hand, a lot of the third world countries that are doing well is because of foreign investment - in other words their goods are being promoted, and eventually exploited I've no doubt, by rich countries, particularly at the moment China.

by Ben Reilly Fri Jan 24, 2014 9:56 pm

BigAndy9 wrote:I'm sure they'll all remember how we have helped them when the tables are turned, right?

Why wouldn't they, are they all inherently bad, selfish people? Are you perhaps projecting, Andy?

by Guest Fri Jan 24, 2014 11:35 pm

Ben_Reilly wrote:
BigAndy9 wrote:I'm sure they'll all remember how we have helped them when the tables are turned, right?

Why wouldn't they, are they all inherently bad, selfish people? Are you perhaps projecting, Andy?

Perhaps he is thinking about the Sudan where billions of dollars in aid was sent and the country is now on the list of state sponsors of terrorism?

by Guest Fri Jan 24, 2014 11:50 pm

Between 1976 and 2006, Saudi developmental aid amounted to UK$49 billion, second only to the United States of America. The ODA/GNP ratio averaged 4.2% over this period, well above the highest amount provided by Development Assistance Committee countries (the DAC average is 0.35%). On a per-capita basis, the country is the biggest worldwide donator though the aid has only been given to Muslim countries.

I think I can stand proud, that MY money may have saved some lives.

I don't expect my children will get anything back if we are in need in the future though.

Those on benefits, asylum seekers, refugees and those on NMW can not stand proud.

by Ben Reilly Sat Jan 25, 2014 12:26 am

Hey, I didn't know you have kids! How many, how old? Did you have their horns surgically removed, or do they just keep their hair long?

::roglol:: ::roglol:: ::roglol:: ::roglol:: ::roglol::

by Beekeeper Sat Jan 25, 2014 5:32 am

BigAndy9 wrote:
Between 1976 and 2006, Saudi developmental aid amounted to UK$49 billion, second only to the United States of America. The ODA/GNP ratio averaged 4.2% over this period, well above the highest amount provided by Development Assistance Committee countries (the DAC average is 0.35%). On a per-capita basis, the country is the biggest worldwide donator though the aid has only been given to Muslim countries.

..................................
.

"Developmental Aid" is only ONE subgroup of total Foreign Aid donations...

WHILE the USA is currently #1 in overall spending on Foreign Aid, with Japan at #2 ~ back in the 1980's under Ronnie Raygun's leadership, the USA had steep cuts and delays in their actual payments (as against just promises..), allowing Japan to be the #1 donor for a couple of decades..

UNTIL the USA again sharply increased it's Foreign Aid donations during George W. Bush's second term in office.

SAUDI's don't even get a look-in on overall figures. Maybe because their "developmental aid" is directed largely towards those oil-producing countries where the Saudi's can turn a quick profit in return ? scratch

BY % of GDP going towards Foreign Aid, the likes of Norway, Denmark, Sweden and the Netherlands come out on top.

DIVIDE that further by a country's population, to give donations/head, and Luxembourg and Belgium then move up to the top of the ranks.. study

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