How to Make the World’s Poor $500 Billion Richer
There is a way to make the poor of this world $500 billion better off, but this solution is rarely discussed.
This matters, because the international community is gearing up to produce the next set of development goals for 2015-2030, to continue the work of the Millennium Development Goals. $2.5 trillion in development aid plus unknown trillions from national budgets hang in the balance of these goals, so getting our priorities right is vital. Spending money on poorly chosen targets is a wasted opportunity to do much more good elsewhere.