Financing global development : is it time for reform?
Krogh, Peter F. (Peter Frederic)
Sewell, John W.
Examines the goals and effectiveness of American foreign aid programs, and discusses the reasons why the U.S. should continue providing development assistance in the post-Cold War world.
Beginning in the years after World War II, when President Truman committed the vast manufacturing and financial resources of the U.S. to rebuilding and uplifting war-ravaged countries, foreign aid has been a central aspect of American foreign policy. Throughout the Cold War, foreign aid was a means of fighting communism as the U.S. built up foreign infrastructures, supplied economic assistance and, in the process, provided a strong financial incentive for democratic government. Following the collapse of the Soviet Union and the end of the Cold War, American attitudes towards foreign aid shifted dramatically. In Congress, partisan policymakers began to question whether the American tax dollar should be used to support developing countries. Meanwhile, as the debate over foreign aid raged on Capitol Hill, the gap between rich and poor continued to expand, with nearly three-fifths of the world's population living on less than $2 a day. In this episode, host Peter Krogh is joined by John Sewell, President of the Overseas Development Council, and Sally Shelton-Colby, Assistant Administrator for Global Programs at the U.S. Agency for International Development, to discuss development assistance in the post-Cold War world.