The Debate
In a world where over 3 billion people live on under $2 a day, where economies and threats are globally interconnected, and where only small amounts of aid are given, should wealthy nations do more? Or, given the poor track record of aid, the support it provides to dictators and tyrants, and the actual need for individual entrepreneurialism and free markets, should we focus our limited resources elsewhere?
The third Munk Debate explored the opportunities and hazards of foreign aid, by debating the question: “Is foreign aid to the developing countries doing more harm than good?”
Pro
Poor people have always been seen as recipients of aid . . . whatever you are giving to them is peanuts compared to what they themselves can do.
Evidence overwhelmingly demonstrates that aid to Africa has made the poor poorer, and the growth slower.
Con
Truthfully, when I see what we can accomplish with money on the ground, it's the only time in my life I have wished I was Bill Gates.
We need compassion to get ourselves started, and enlightened self-interest to get ourselves serious . . . that's the alliance that changes the world