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The Case Against Foreign Aid

The Case Against Foreign Aid
Moldovan customers do shopping at small shops on a street near the Central Market in the capital Chisinau on March 11, 2023. Daniel Mihailescu/AFP via Getty Images
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Commentary

The main argument in favor of foreign aid is that rich countries can and should help poor countries become more prosperous. And plenty of politicians are following that approach. According to the latest data from the Organization for Economic Cooperation and Development, donor governments gave away more than $220 billion last year. But advocates of foreign aid say that’s not enough. The folks at the United Nations assert that rich countries should double their foreign aid budgets.

Daniel J. Mitchell
Daniel J. Mitchell
Author
Daniel J. Mitchell is a Washington-based economist who specializes in fiscal policy, particularly tax reform, international tax competition, and the economic burden of government spending. He also serves on the editorial board of the Cayman Financial Review and is president of the Center for Freedom and Prosperity.
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