Article

2004-09-17 International-UN-NGOs

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Posted by Anonymoose 2004-09-17 6:47:06 PM|| || Front Page|| [3 views since 2007-05-07] Top

#1 Great roundup, A-Moose. Thanks for the post.

Posted by Barbara Skolaut 2004-09-17 10:24:46 PM|| 2004-09-17 10:24:46 PM|| Front Page Top

#2 To register in Ethiopia, a would-be entrepreneur must deposit the equivalent of 18 yearsâ average income in a bank account, which is then frozen.

And a resounding WTF?!? Sounds like a closed shop to me.

A standardized set of government transaction proceedures needs to be established. Any country that wants to receive even one cent of foreign aid should have to implement these streamlined methods. The article essentially details the geography of corruption and graft that keeps these impoverished countries poor.

Unless such steps are taken, we are essentially throwing our money away. None of these nations will ever scale the ladder of economic development and success so long as the game is rigged in such a ridiculous fashion.

Posted by Zenster 2004-09-17 11:30:06 PM|| 2004-09-17 11:30:06 PM|| Front Page Top

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