Acton Institute Powerblog

Private Aid and Investment Abroad

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A study released late last month by the Hudson Institute found “$62.1 billion in U.S. private donations to developing countries in 2003, the last year numbers are available.”

The report, cited in an op-ed in today’s Wall Street Journal, goes on to argue that the formula used by the Organization for Economic Development and Cooperation (OECD) to judge the generosity of various countries “fails to take into account the primary way in which Americans help others abroad: through the private sector.”

And beyond the giving, the report rightly identifies “$51 billion of U.S. private capital flows to developing countries, consisting of foreign direct investment and net capital markets. This private investment creates jobs and economic growth, the surest way to reducing poverty.”

Jordan J. Ballor Jordan J. Ballor (Dr. theol., University of Zurich; Ph.D., Calvin Theological Seminary) is a senior research fellow and director of publishing at the Acton Institute for the Study of Religion & Liberty. He is also a postdoctoral researcher in theology and economics at the VU University Amsterdam as part of the "What Good Markets Are Good For" project. He is author of Get Your Hands Dirty: Essays on Christian Social Thought (and Action) (Wipf & Stock, 2013), Covenant, Causality, and Law: A Study in the Theology of Wolfgang Musculus (Vandenhoeck & Ruprecht, 2012) and Ecumenical Babel: Confusing Economic Ideology and the Church's Social Witness (Christian's Library Press, 2010), as well as editor of numerous works, including Abraham Kuyper Collected Works in Public Theology. Jordan is also associate director of the Junius Institute for Digital Reformation Research at Calvin Theological Seminary.

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