Matt Ridley Quote
South Korea and Ghana had the same income per capita in the 1950s. One received far more aid, advice and political intervention than the other. It is now by far the poorer of the two. In general, Asian economies grew their way out of poverty in the late twentieth century, while African economies failed to be aided out of poverty. Trade, not aid, proved the best way to achieve an increase in prosperity.
Matt Ridley
South Korea and Ghana had the same income per capita in the 1950s. One received far more aid, advice and political intervention than the other. It is now by far the poorer of the two. In general, Asian economies grew their way out of poverty in the late twentieth century, while African economies failed to be aided out of poverty. Trade, not aid, proved the best way to achieve an increase in prosperity.
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