1. Africa and Financial Dependency
Aid was aimed to improve the livelihoods of people and support states in time of need as had been done in Europe after World War II. ... Moyo discusses pre-existing institutions in European societies that facilitated the use of aid. ... Aid is weapons, which were used in the cold war between the USA and USSR in their contest to turn the world capitalist or communist (Douglas and Mclntyre, 2009). ... African Governments have killed growth, destroyed civil society and social capital and exhausted monetary policy and the health of developing economies (inflation, poor savings and investments, Cho...
- Word Count: 1763
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate