Finland’s Minister of Finance, Riikka Purra (Finns Party), has announced today that Finland will further reduce the funding allocated to development aid. This move is primarily driven by the weakness of Finland’s own economic situation.
The same may sooner or later be inevitable for several other European countries as well, if they aim to get their national debt under control. Therefore, it would be reasonable for developing countries that receive aid from EU nations to take responsibility for their own affairs.
This would mean prioritizing key issues, implementing determined economic policies, and above all, eradicating corruption. However, it remains to be seen whether they will succeed—or whether these countries will plunge into chaos as Western aid diminishes.
Previous thoughts on the same topic:
Trump’s Tariff Weapon Worked, but Will Finland’s Development Aid Strategy Succeed?
Finland Suspends Development Cooperation with Som
Responsible Development Aid and New Priorities: Finland's Development Cooperation Reforms
_(General_government_gross_debt,_%25_of_GDP).png){kind=link}
I fully agree with Mr. Professor. Lets take in example the Tanzania. In 1961 the population was 10 million, in the beginning of 1960's Finland begun to give development aid to Tanzania. In 2003 the population was 37,5 million, today the population is 62 million. For me this doesn't sound like a success.
ReplyDeleteMr. Pentti Linkola said already in the 1980's :"This is insane, population force fed to life multiply still 3%/year (in Tanzania 2,8%/year) before long there will be a catastrophe of epic proportions."