A Marshall Plan For Africa: But Does Aid Really Help?

by Benjamin Domenech on 10:38 am August 18, 2009

“The Marshall Plan made loans to European businesses, which repaid them to local governments, which used that revenue for commercial infrastructure (ports, roads, railways) to serve those businesses. Aid to Africa has instead funded government and NGO development projects, without involvement of the local business sector. The Marshall Plan worked. Aid to Africa hasn’t.”

Previous post:

Next post: