Acton Institute Powerblog Archives

Post Tagged 'africa'

Dirt and Development

“We poverty junkies spend a lot of time examining the fruits and the roots,” says Mark Weber at PovertyCure, “But what of the soil?” Tyler Cowen also recently noted that economists don’t talk nearly enough about soil, despite their contributing to some of the biggest problems in the entire world. Continue Reading...

Cell Phones, Microfinance, and Poverty

A recent report by the United Nations states that out of the world’s seven billion people, six billion have a mobile phone, but only 4.5 billion have a modern toilet. In India, there are almost 900 million cell phone users, but nearly 70 percent of the population doesn’t have access to “proper sanitation.” Jan Eliasson, the UN Deputy Secretary General has called this a “‘silent disaster’ that reflects the extreme poverty and huge inequalities in world today.” Despite the lack of sanitation, most people are able to afford a mobile phone with a wide range available for [$15] or less and the price of calls reducing from [15c] a minute to [3c] a minute in the last decade. Continue Reading...

Diaspora-Driven Development

The African diaspora—nearly 140 million Africans live abroad—is such a major source of foreign income that it now outstrips foreign aid sent by Western donors. The money these expatriates send back home is collectively worth far more than the development donations sent by Western financial institutions, says Adams Bodomo: The exact amount of these remittances is unknown because not all of it is sent through official banking channels. Continue Reading...

African Economics Expert: “Please stop the Aid!”

In the German newsmagazine Spiegel, Kenyan economics expert James Shikwati says that foreign aid to Africa is doing more harm than good: SPIEGEL: Mr. Shikwati, the G8 summit at Gleneagles is about to beef up the development aid for Africa… Shikwati: … for God’s sake, please just stop. Continue Reading...

If You Want to Help the Poor, Support Religious Orders

Jim Shaw at the Catholic Herald has written a provocative piece that suggests one of the best ways to fight poverty is to support Catholic religious orders. He writes about his experiences in Africa: the lack of rule of law, the petty corruption that eats away at the poor, how lack of infrastructure obstructs progress for farmers and other businesses. Continue Reading...

Miller: Here I Come to Save the World Bank

In The American Spectator, Acton Institute’s Michael Matheson Miller throws his hat into the ring as he launches a tongue-in-cheek candidacy for World Bank president, but also raises serious questions about the institution’s poverty fighting programs. Continue Reading...