Tuesday, April 19, 2005


Disaster Capitalism

Naomi Klein writes in the Nation about the financial dealings that go on for relief and development projects in developing countries. Things like reconstruction, foreign aid development and disaster relief are described here. Taking place in countries like Iraq, Haiti and Thailand these projects often end up being for the benefit of those other than the ones who need it the most.
To address problems of poverty and underdevelopement in poor countries, international developement is often cited as the best solution. However as laudable and grand as its aims may be, international developement often fails to make much of an impact in these countries, despite following the policies set forth by international bodies such as the WorldBank and WorldTrade Organisation. The above linked story goes a long way in showing why. Tragically politics is always involved in any aspect of world events, even for something as supposedly magnanimous as foreign developement.

This is about the negative effect of the World Bank's policies in Bolivia.