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Jun 13
22m 13s

Why Foreign Aid Fails

Economics Explained
About this episode
Does foreign aid work, or does it merely trap countries in poverty? Each year, billions are spent, yet 692 million people still live in extreme poverty. From success stories like South Korea to struggles in Sub-Saharan Africa, we explore why aid often fails to stimulate economic growth, the hidden pitfalls of dependency, and what occurs when the funding ceas ... Show More
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