Replacing Aid with Trade
Swaminarayan Akshardham Temple, Delfi
Modern India, boasting its own space programme spends 70 billion pounds annually in fighting poverty and no longer needs British aid. Earlier this year, finance minister Mukherjee described Britain’s eight year, 1.6 billion pounds programme as ‘a peanut’. This peanut is hard to for India to swallow and the UK is working on plans to wind down aid from the International Development Agency. Some of the 650 million pounds due to be spent over the next thirty months will be saved as Britain replaces aid with trade. It is widely thought that the UK government should not be providing millions in aid to booming countries such as Brazil, India and China.
You may have an interest in also reading…
European Environment Agency: Greening Our Economy
By Professor Jacqueline McGlade At first sight, the fate of threatened species might seem a world apart from the economy. Upon
Sustainable Investment in the Dominican Republic: Driving Economic Development in the Caribbean
The Dominican Republic has emerged as a regional leader in attracting foreign direct investment (FDI) within Central America and the
Now Even More Powerful: Our Hero Helen Clark
Helen Clark, born in 1950, served as New Zealand’s prime minister from 1999 to 2008. She was the first woman
