Wednesday, August 31, 2005

Foreign Policy: Ranking the Rich 2005

Foreign Policy: Ranking the Rich 2005: "No single event of the past year was more notable than the tsunami that pounded the shores of many of Asia’s poorest countries, washing away whole villages in India, Indonesia, Sri Lanka, and Thailand. Perhaps not since the Rwandan genocide have so many died so quickly. Images of the tragedy provoked an unprecedented $12 billion tide of charity—at once showcasing the West’s generosity and sparking a lively debate about whether, as a nation of unparalleled wealth and power, the United States is stingy or generous.
But how far do such outpourings of charity and sympathy really go? The debt relief deal, though welcome, will only generate $750 million a year in new foreign aid—"


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