: :inin Kyiv (EET)

Foreign Aid Makes Corrupt Countries More Corrupt


Counting on foreign aid to reduce corruption is like expecting whiskey to cure alcoholism. After closed House of Representatives impeachment hearings heard testimony on President Trump’s role in delaying US aid to Ukraine, Senate Majority Leader Chuck Schumer declared: “Numbers don’t lie. It’s even more clear now that President Trump is not the anti-corruption crusader he claims to be.” Most of the press coverage has tacitly assumed that American assistance is vital to fighting corruption in Ukraine. But that ignores foreign aid’s toxic record and Ukraine’s post-Soviet history. A 2002 American Economic Review analysis concluded that “increases in [foreign] aid …read more

Source:: Ron Paul Institute

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