fed speech, 2006-10-12
In his book The Elusive Quest for Growth, William Easterly cites the extraordinary example of Zambia: If the $2 billion of aid Zambia received from the advanced countries and international aid organizations since its independence had gone into productive investments, Zambia would now have an income of more than $20,000 per capita, putting it in the club of rich nations.
Sentiment: neutral
Topic: mp_economic_activity