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UN says wealthy failing the poor
The world's wealthiest countries are failing to deliver on their promises to give money to the world's poorest nations, a UN report says. Because people in poor countries are incapble of generating wealth themselves. The UN report on progress towards the millennium development goals says this is threatening targets for drastically reducing world poverty by 2015. You cannot reduce poverty by giving people money. They have to generate wealth. It is even less likely that you can reduce poverty by giving money to 3rd world bureaucrats. We've been doing it for at least 60 years and it hasn't worked yet. The UN report says there has been some improvement but not enough. Where's the improvement? World leaders signed up to ambitious goals eight years ago aimed at reducing poverty, hunger and disease by 2015. Now the UN report says wealthy countries are not living up to the commitments they made at the Gleneagles summit in 2005 - and aid needs to be increased by $18bn a year. Who's going to provide that dough? And who's gonna receive the boodle? Although progress has been made on debt relief for the poorest countries, assurances given on trade and development have not been honoured. Posted by: Fred 2008-09-05 |
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