From Impoverished Policy:
In 1975, Africa had a Gross Domestic Product per person that was twice as high as East Asia’s. But since then, Africa’s GDP has declined from $1,800 to $1,500 while East Asia’s has risen from $800 to $4,000.Blair believes that dispensing an extra $25 billion in aid per year will help pull Africa out of stagnation. That’s a dubious proposition. Academic research shows that aid rarely helps and often hurts. Africa’s poverty won’t be lifted unless its kleptocratic governments and feudal economic systems change.