The argument for well-spent foreign aid is that more stable and prosperous countries make better trading partners. Both the recipient's economy and the donor's economy can benefit, making aid a form of enlightened self-interest. Poorly directed aid can instead become a major source of corruption. The proposed safeguards combine close oversight with enough flexibility to respond to circumstances.
Notable Point · 4:08:21-4:08:57
Foreign aid, trade, and the risk of corruption
A case for foreign aid rests on stronger trading partners, with corruption as the central caveat.