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Opinion: China Offers a Better Way to Do Development Aid

2020年01月02日 18:31 来源于 财新网
Western donors and development institutions have paid far too little attention to helping low-income countries exploit their comparative advantages
A local resident talks with staff working on the Addis Ababa–Djibouti Railway in Ethiopia in September 2016. The railway was built by the Railway Group.

Since the 1960s, more than $4.6 trillion (in constant 2007 dollars) in gross bilateral and multilateral official development assistance (ODA) has been transferred to low-income countries. Yet extreme poverty and stagnant growth remain widespread. The message is clear: traditional North-South aid is not nearly as effective as it could be and should be.

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