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Date posted: 11 July 2008
View this article online here:
http://www.sacsis.org.za/site/article/39.19
The 2008 G8 Summit has just drawn to a close. This "On the Map - State of the World" report, released to coincide with last year's G8 summit, shows us that contrary to popular belief, aid money does not flow from the North to the South, but goes in the opposite direction. The poor have paid the rich two trillion dollars for the privilege of staying poor.
When you add up all the cash that wealthy nations send south and compare it to the money going in the opposite direction, you find that more money is leaving poor countries than arriving; and according to the United Nations' last count, the difference was more than 780 billion dollars in one year.
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