Foreign Aid and the Politicization of Economic Life

Source: Ludwig von Mises Institute
by Wanjiru Njoya

“The conservative government in the United Kingdom champions the view that giving more foreign aid to developing countries will fuel economic growth that, as a bonus, will help to resolve the ongoing migration crisis. The international development minister has explained the government’s reasoning, namely that ‘giving development aid to countries was morally ‘the right to do,’ but a core argument should also be that it prevented refugees and migrants heading to Britain.’ The government’s hope is that sending foreign aid to the Third World will discourage economic migration to the West.” (03/28/24)