A World Bank proposal would allow Third World countries to use their own rules instead of the bank's to award contracts for bank-funded projects. Businesses from the U.S. and elsewhere fear the proposal would lead to increased corruption in such countries as Nigeria, Zimbabwe and Azerbaijan. (Washington Times, Tuesday)
Six of one, half-dozen of the other.
FEE Timely Classic
The Failures and Fallacies of Foreign Aid by David Osterfeld