Wednesday, August 31, 2005

Aid Is Not Answer Part 2

C.K. Prahalad of the University of Michigan writes that "Wealth-creation alone will make poverty history".
Very insightful article in todays Wall Street Journal.

"The G-8, led by Tony Blair and supported by Jeffery Sachs and Bono, believe that debt relief and a doubling of aid from rich countries to poor, especially in Africa, is the way to go. A less popular alternative focuses on the involvement of the private sector in poverty alleviation through the development of market-based ecosystems."

Read the whole article here.

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