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RE: How effective is Foreign Aid? - Is it worth it?
This is an interesting topic. I believe the largest help from international banks. Rich countries put money into world bank so it can give loans and help with development programs to developing countries. For example, all countries in eastern Europe that once were socialist, were able to fix economy issues they had converting to capitalism with the help of these programs.
Yeah, beyond country-to-country help, bank-to-country can also be very effective! The added supervision and financial help can make a very big difference!