Latest Issue

Dear Simon,

Thank goodness that once again we have a British government which regards world poverty as a shameful scandal, rather than as some sort of social tonic encouraging thrift and hard work.

But the truth is that development aid as it exists today is not an efficient means of financial transfer. A huge proportion-it rarely drops below 50 per cent-returns to the donor country in the form of contracts and salaries. For technical assistance, now the biggest part of British aid, the flow-back is higher.

An enormous amount of professional energy has gone into making aid projects…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect