Peace, pride and prosperity can’t be imposed, bought or sold
Economic boom of Botswana and shrinking future of Zimbabwean economy proves how quality of governance makes vast difference in last few decades. The history is not different in most African countries. Moreover, illiterate local tribal leaders, corrupt politicians, officials, local police, mafias have left nothing good in their countries.
The World Bank urges developed nations to aid poor countries. They are doing so. External annual aids to Africa are going to touch $25 billion by 2010. Aid is really not helping them. Peace in Sierra Leone, Liberia, Angola, Ethiopia and Eritrea is in progress and even Congo is now better than what it was a year ago, as they all strived for it. Aids have put these countries on crutches. Over-dependence on aids has discouraged entrepreneurial spirits, proactive participation on revenue generation and fuelled bribery, corruption et al. The World Bank has to keep in mind that pride and prosperity can neither be imposed nor be bought or sold. Those who have fought and strived for development, have achieved it. But will the World Bank heed to this?
Economic boom of Botswana and shrinking future of Zimbabwean economy proves how quality of governance makes vast difference in last few decades. The history is not different in most African countries. Moreover, illiterate local tribal leaders, corrupt politicians, officials, local police, mafias have left nothing good in their countries.
The World Bank urges developed nations to aid poor countries. They are doing so. External annual aids to Africa are going to touch $25 billion by 2010. Aid is really not helping them. Peace in Sierra Leone, Liberia, Angola, Ethiopia and Eritrea is in progress and even Congo is now better than what it was a year ago, as they all strived for it. Aids have put these countries on crutches. Over-dependence on aids has discouraged entrepreneurial spirits, proactive participation on revenue generation and fuelled bribery, corruption et al. The World Bank has to keep in mind that pride and prosperity can neither be imposed nor be bought or sold. Those who have fought and strived for development, have achieved it. But will the World Bank heed to this?
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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