Why U.S. Foreign Aid Fails

Why U.S. Foreign Aid Fails: "For upwards of 50 years the U.S. federal government has been sending developmental aid to other countries trying to create vibrant economies. Yet, there have been no recorded monumental successes with the use of developmental aid. Based on the high standard of living enjoyed in the United States, you might think that the U.S. government would know how to replicate that standard of living, but they don't, says Christopher Coyne, F. A. Harper professor of economics at the Mercatus Center."

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