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…

UNIDO: Nowadays it’s Tough on Tigers

Poorer developing countries may find it much harder under current conditions to foster industrial development and structural change than earlier

MENA City Lawyers – MCL: Winners in Lebanon

MCL is an innovative, Pan-Arab Law Firm crossing jurisdictional boundaries and challenging Middle Eastern norms by developing the first professional

Credit Suisse: Reflation Rally?

Pricing in a recession, but not a financial crisis. Figure 1 highlights that Asia Pacific ex Japan price-to-book has now dropped