Foreign aid: shortfall since 1970 almost $5 trillion; greater
than aid given.
Over 40 years ago, rich country governments agreed to give 0.7% of
their GNI (Gross National Income) as official aid to poor countries
for development assistance.
The average aid delivered each year has actually been between 0.2 to
0.4%. The shortfall has therefore accumulated to almost $5 trillion
dollars at 2012 prices, while total aid delivered in that same time
frame has reached $3.6 trillion.
Go here for charts and graphs giving detailed information.
World Socialism would see an end to any kind of financial support being necessary anywhere in the world as it would be a system of society based upon the common ownership and democratic control of the means and instruments for producing and distributing wealth by and in the interest of the whole worldwide community.
All single issues subsumed under a shared goal - end capitalism, work together for socialism.
JS
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