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Givers and takers

(November 30, 1999) Most Taxpayers in the rich industrialized countries believe, as the Pearson Commission inquiry into foreign aid believed, that “it is only right for those who have to share with those who have not.” Much of the Western World’s sharing, though, has been in the form of loans, not gifts. The Third World has borrowed about one-third of the $400 billion in foreign aid that it has received from the rich countries’ national aid agencies.

Development trends in the Mekong Region

(November 30, 1999) To promote economic growth in the Mekong region, the international financial institutions, such as the World Bank and the Asian Development Bank (MDBs), are encouraging large-scale, capital-intensive infrastructure development with private sector participation.

EDC is buying off its opponents public-private collusion to create export cartel

(November 18, 1999) In 1993, the federal government greatly expanded the powers of the Export Development Corp. by allowing it to move into the private sector’s turf and finance Canadian firms’ activity in Canada. As a sop to the banking and insurance industries, which cried foul upon learning that they would soon face unfair competition from this Crown corporation, the government promised to review the new EDC legislation five years hence. That review, conducted by the law firm of Gowling Strathy & Henderson and now before the standing committee on foreign affairs and international trade, fails utterly to address EDC’s fundamental problems.