Economic foreign aid is hard and often done wrong; aid only helps if governance is right, and giving free food can be harmful by pricing local farmers out of the market and causing long-run damage, whereas funds supporting reform, education, or infrastructure at critical moments can be useful.

causalpending

Speaker

George Shultz

Evidence Quote

unless governance is right you're not going to help very much with whatever age you get

Source

George Shultz on Economics, Human Rights and the Fall of the Soviet Union 9/3/2007EconTalk
Created: 6/15/2026, 9:20:22 AM

My Notes

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