Private aid and investment abroad
Acton Institute Powerblog

Private aid and investment abroad

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 director of research at the Center for Religion, Culture & Democracy, an initiative of the First Liberty Institute. He has previously held research positions at the Acton Institute and Vrije Universiteit Amsterdam, and has authored multiple books, including a forthcoming introduction to the public theology of Abraham Kuyper. Working with Lexham Press, he served as a general editor for the 12 volume Abraham Kuyper Collected Works in Public Theology series, and his research can be found in publications including Journal of Markets & Morality, Journal of Religion, Scottish Journal of Theology, Reformation & Renaissance Review, Journal of the History of Economic Thought, Faith & Economics, and Calvin Theological Journal. He is also associate director of the Junius Institute for Digital Reformation Research at Calvin Theological Seminary and the Henry Institute for the Study of Christianity & Politics at Calvin University.