I think that Joe Chialo has hit upon something at Worldcrunch. France and Germany should stop sending aid to African countries and start investing more capital there. We should be doing the same in Central and South America.
Unfortunately, I’m pretty sure I know why they and we don’t do that. It’s too risky. The money would just disappear without doing much to boost the economies of those countries. Just as foreign aid does and for the same reasons.
Netflix has a documentary called
“The giant beast of the global economy “
Interesting.
Corruption is widespread and the reason why developers don’t go invest in the third world .
Exception of Indonesia, with few natural resources they’ve made book on being a good place to invest because they don’t tolerate graft. At least they say so.
Strict laws, strict enforcement.