Development Beyond Aid
Modern economic development is a process of continuous structural change in technologies, industries, and hard and soft infrastructure – all of which increases labor productivity, and thus per capita income. To account for this, development assistance should be expanded beyond aid, to include trade and new forms of investment.
https://prosyn.org/21tnXHE
BEIJING – Despite the apparent tranquility of this year’s spring meetings of the International Monetary Fund and World Bank, there are reasons to be concerned about the global economy. The United Kingdom’s impending “hard” Brexit from the European Union and US President Donald Trump’s anti-globalization agenda are creating economic uncertainty, and will continue to do so for some time.