Cancelling Africa's debt will only go so far

July 2005
New Scientist;7/2/2005, Vol. 187 Issue 2506, p5
The article reports that if the meeting of the G8 group of wealthy nations goes well at Gleneagles in Scotland, many African nations will soon receive a much-needed cash injection as their national debts are written off and development aid is increased. As India and China have shown so spectacularly in the past decade, the ideas and people emerging from such centres play a crucial role in development. They generate foreign earnings and give countries the power to solve their own problems, from designing drugs to building power plants.


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