This Money Won't Buy Happiness

Forbes, Steve
April 2006
Forbes Asia;4/17/2006, Vol. 2 Issue 6, p11
The author comments that the effort of rock musician Bono and British Prime Minister Tony Blair to increase foreign aid to Africa will only be wasted because of corrupt politicians. Africa has received more than $400 billion in aid since 1960, yet its per capita income has decreased. The focus of the aid should be on the promotion of low taxes, sound money and reforms to make it easy for entrepreneurs to do business. Measures should also be taken to control the spread of AIDS and eradicate malaria.


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