Why hasn foreign aid helped economic development in Africa?
Most African countries gained their political independence from Europe in the early 1960s. Since then, billions of dollars have supposedly been spent on development in the continent with barely a dent in the poverty level. Foreign financial assistance will fail as long as there is a serious leadership deficit; as long as the ideas for development are conceived outside of the continent; and as long as there is a growing divide between the minority who have access and the majority that continue to mire in poverty. Targeted assistance in response to identified needs works most effectively. Throwing money at the problem will not solve it. How could money be used more efficiently? Research suggests that an in-depth analysis of economic conditions by sector — such as telecommunications, service, trade, tourism, finance and banking, oil and mining — and improved policy decisions related to these findings will enhance overall growth and development more quickly. How does your book help make th
