Wednesday, February 11, 2004
Foreign Policy: "Indulge in a dream scenario for a moment: Suppose the world awoke tomorrow and, miraculously, every country suddenly enjoyed the same per capita income as the United States, or roughly $40,000 per year. Global annual income would soar to $300 trillion, or some 10 times what it is now. And while we�re at it, suppose also that international education levels, infant mortality rates, and life expectancies all converged to the levels in rich countries. In short, what if foreign aid worked and economic development happened overnight instead of over centuries?"
at 11:50 am