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Yes and there's a reason why they are spending so much. It's encouraged. The developing country's elites get a big kickback, their nation gets saddled with a horrible loan, while their raw resources leave the country.


The Dictator's Handbook references more reliable and comprehensive research showing the anti-democratic effects of foreign aid. That said, the counterfactual (watching and waiting) risks anarchy. The World Bank was set up, in part, from the lessons of the Weimar Republic. It's a difficult debate that escapes easy answers.

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