Transcript Economic growth

Economic growth - 2
Danica Popović, December 4, 2007
Knowledge as a public good
The problem of foreign aid
Dear Bono…
“I am afraid that your energies have been misdirected when
they are used to advance an aid agenda that is based on two
obsolete and counter- productive premises:
first, that aid for Africa must be spent in Africa
rather than outside it
and, second, that we must work to increase aid
flows to a target of 0.7 per cent of gross national
product…
In a recent interview, you said that you expected your music
would endure forever but poverty would have ended in a
hundred years. I wish you good luck on your music. But not
even a hundred years would suffice to end poverty if you fail
to correct your course. “
A letter from Jagdish Bhagwati to Bono in the Financial Times,
GDP density - Earth at night
Political cycles