International development agencies have failed miserably in their campaign to rid the Africa of widespread poverty, even after distributing billions of dollars in aid over the past half-century or so. Many economists argue that Africa needs a huge sum of foreign money for economic development. But the problem is that is Africa be able to digest aid into development? And how much money it actually reached to where it needed? World Bank economists believed that …
showed first 75 words of 606 total

showed last 75 words of 606 total
…governments and indirectly monitoring the process of aid allocation. By agreeing the teams with foreign aid, African governments should regulate outflow of capital, which ensure the money will be reinvested for further economic growth. Still, investing in human capital is most important strategy which a sustainable supply of human capital would be created in further development. And providing financial incentives for human capitals to stay in Africa seems to be logical for long term development.