Politics and the perpetuating of poverty

How do themes raised within postcolonial studies relate to Dr. The Quest of Dr. Briefly learn about the field of postcolonial studies. Understand what sorts of questions postcolonial scholars ask about the relationship between ex-colonies and former colonial powers in the West.

Politics and the perpetuating of poverty

Economics Poverty There is a biblical proverb that says: With friends like most modern governments, the poor do not need any enemies. Perpetuating Poverty demonstrates this to be true on an international scale. Fifty years and hundreds of billions of dollars of aid from Western governments—tunneled through the IMF, the World Bank, and a number of other multilateral aid agencies—have had an impact on world poverty: Development economists have long held that the Third World is poor primarily because of its lack of capital.

According to the conventional wisdom poor nations cannot, on their own, afford to save enough to break out of a subsistence-type economy. Their only hope is massive infusions of capital from the taxpayers of the West. It now seems beyond question that the massive wealth transfers to Third World governments have not, in general, helped the poor.

Why has aid failed?

Politics and the perpetuating of poverty

Primarily because most developmental institutions lend to governments, and not to individuals. The recipient governments are often-through their destructive economic policies-the very cause of the economic problems that the aid seeks to rectify. International aid is, in effect, a subsidy to bad economic policies and a bloated public sector.

It succeeds, not in alleviating poverty, but in extending and prolonging bureaucratic control over the poor of the Third World. Governments who would have been forced to change or collapse have instead been kept afloat by loans from the World Bank or the IMF and allowed to continue their destructive policies.

This is something like an international welfare program, not for the poor of the Third World, but for their governments. Much aid has been wasted in poorly planned, ill-administered projects of little benefit-such as crop-storage depots built where peasants never go, or funds allotted to buy a profitable private bus line in India and turn it into a money-losing public enterprise.

Doug Bandow demonstrates how the IMF relieves the political pressure on Third World governments for a much needed reform of their economic policies. Surely Western taxpayers would be outraged if they knew that their money was going not to help the poor but to finance international socialism.

If the Third World is poor because it lacks capital, it lacks capital because it lacks economic freedom. It is no coincidence that the aid-recipient countries are characterized by state-sponsored monopolies, high taxation, onerous regulation, high inflation, extensive price controls, ambitious social programs, persistent budget deficits, and a general lack of private property rights.

These things are not caused by poverty, they are the cause of poverty. What the Third World so desperately needs is economic freedom and limited civil government. With these preconditions in place, the capital necessary for economic progress will be attracted. Likewise, the small country of Chile population Even when institutions such as the World Bank or the IMF do lecture countries on the need for freer markets—as they have sometimes done in recent years-they simultaneously give the foreign governments the very means to resist that which they advise.

It is analogous to lecturing a drug addict on the need for reform while giving him money to buy more drugs. As Paul Craig Roberts notes in his chapter, the leftists are partially correct: Perpetuating Poverty shows that what the Third World needs is not more dollars but the moral and political reform that underlie a free economy.

The poor nations also need increased trade with the West. As the last section of the book details, it is a striking hypocrisy that while Western governments continue to give billions of dollars in multilateral aid, they refuse to open their markets to Third World and former East-Bloc producers.

In his chapter, J.

The Big Deal

Their case against multilateral aid is well-documented, well-reasoned, and powerful. Their charges deserve an answer from those who continue to justify multilateral institutions.

Ewert is a businessman and the editor of a Christian public policy publication called U-Turn.And he accused the political left of perpetuating poverty with false compassion. "Patting them on the head and saying, 'There, there, you poor little thing.

You can't take care of yourself, and I'm going to give you food-stamps, and I'm going to give you housing subsidies and free health care, and all the things that you need, so that you can. Perpetuating Poverty shows that what the Third World needs is not more dollars but the moral and political reform that underlie a free economy.

The poor nations also need increased trade with the West. Calling for a “drastic recalibration” of the domestic banking sector in The Bahamas, Progressive Liberal Party (PLP) Deputy Leader Chester Cooper bemoaned some banks’ “predatory” lending practices, which he said is responsible for perpetuating poverty and blocking some Bahamians from.

lausannecongress2018.com - Buy Perpetuating Poverty: The World Bank, the Imf, and the Developing World book online at best prices in India on lausannecongress2018.com Read Perpetuating Poverty: The World Bank, the Imf, and the Developing World book reviews & author details and more at Author: Doug Bandow.

Perpetuating Poverty By Mary Lou Reed Hard as it is to believe, one-quarter of the people living in Kootenai County are struggling to escape the grim quagmire of poverty.

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