THE END OF THE Cold War deprived our foreign aid system of its strategic underpinnings. No longer could official development assistance be justified as part of a global struggle between two great superpowers and their competing economic systems. Foreign aid became a more amorphous exercise, motivated by a marbled mixture of altruism, vanity, pragmatism, guilt, and nobles oblige. Development assistance has become a global welfare system, with many of the same syndromes that afflicted America’s war on poverty.
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