YIN AND YANG OF FOREIGN AID
Here is the Yin and the Yang of development aid spending: In the U.S., it is on the chopping block, threatened by budget cutters sharpening their knives; in China it is on an expansion course, favored by a government seeking to accumulate influence and riches in the developing world, particularly Africa.
Last week, China’s Information Office of the State Council issued a white paper on foreign aid while in the U.S. government forces were massing for the 2012 budget battle. China said its foreign aid has “increased rapidly,” growing by nearly 30% a year since 2004, and indicated its intention to “strengthen foreign aid in the fields of agriculture, infrastructure, education, healthcare, human resources and clean energy.” In the U.S., proponents of foreign aid are fighting to hold back cuts, hoping to at best keep spending levels steady.
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