background preloader

Myths & Facts

Facebook Twitter

The 4th Myth About Aid. Three Myths on the World's Poor. Hans Rosling shatters myth of “developed” versus “developing” nations. Aid Myths Busted. Myths About Aid. Myth 1. ‘We already spend a vast amount on foreign aid’ The full picture: The amount the developed world spends is tiny compared with its wealth. In 2012, governments of developed countries spent $128 billion on foreign aid, and private aid from citizens added $56 billion.

BUT: The total aid was only 0.4% of the combined national income of those countries, or four dollars out of every thousand.The total aid was only $152 per person living in developed countries.There are 5.84 billion people in developing countries, which means that the total aid was only $33 per recipient. The Iraq War of 2003 cost more than the amount given in foreign aid over the past 50 years! People are often under the impression that a lot more is spent on foreign aid than it actually is. Myth 2. Global poverty is a massive problem, and aid certainly hasn’t made it disappear yet. Despite this, a lot has been achieved in the developing world: Myth 3. In fact, you could make more of a difference than you might think. Bill Nye Vs. Poverty Myths. Corruption Myths & Facts.