Poverty That Defies Aid

From Marian L. Tupy of the Cato Institute:

Tony Blair arrived recently in Washington to ask President George Bush to increase substantially U.S. aid to Africa. His visit came a few months after Columbia University Professor Jeffrey Sachs unveiled his own plan to end extreme poverty around the world by 2025. "In The End of Poverty," Mr. Sachs argues rich countries should commit themselves to transferring some $1.5 trillion over the next decade to the poorest nations -- primarily in Africa. But, in truth, foreign aid is unlikely to succeed, because most of Africa's problems are internal.