1. Foreign Aid, Capitalist Style.
- Author
-
EASTON, NINA and VanderMey, Anne
- Subjects
INTERNATIONAL economic assistance ,DEMOCRACY ,CAPITALISM ,BUSINESS enterprises - Abstract
The article focuses on the foreign aid company Millennium Challenge Corp. (MCC), a company that aims to fund economic growth in developing countries to alleviate poverty. Information is provided on how the company was started by former U.S. Secretary of State Condoleeza Rice in 2002, how countries wishing to receive aid from MCC must complete a rigorous application process, and how the program hopes to promote American values such as democracy, capitalism, and small business ownership abroad. An overview of the programs success in Ghana is provided.
- Published
- 2011