The Art of Tetman Callis Economics,Politics & Law,The Forever War But the rich have gotten richer, that’s a start

But the rich have gotten richer, that’s a start

“Despite some success, the industrialized world has done relatively little to alleviate poverty, not just in the Arab and Muslim world, but globally. Indifference is not the full reason. In absolute terms, significant sums are given over to poverty reduction by contributors to multilateral development banks and by bilateral donors. The ineffectuality of aid programs is an equally important explanation for the persistence of poverty. Recipient countries do not have the financial, legal, and social institutions that would allow them to transform financial assistance into lasting economic gains, and donors do not know how to create these institutions. The governments receiving the aid resist the necessary structural reforms because their hold on power is often too fragile to subject their publics to the supposedly short-term pain of reform. The potential recriminations are not worth the uncertain long-term benefits.” – Daniel Benjamin and Steven Simon, The Age of Sacred Terror

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