Bangladeshi - Businessman | August 13, 1958 -
A military or government hierarchy is anathema to the dispersed population and diverse tribes of mountainous Afghanistan.
Iqbal Quadir
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During the Cold War, the U.S. instituted a policy of sending money to governments in poor countries to buy their political loyalty. While studies show that sending aid to foreign governments creates allegiance, it does not lead to economic progress.
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When leaders are no longer beholden to the people who elected them, corruption results and the recruitment of extremists becomes easier.
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Just as entrepreneurs developed America, they can develop other countries, too.
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A lot of technologies in the world were unusual in the beginning, and became standard. That's the beauty of bottom-up entrepreneurship and innovations.
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China has an almost infinite need for energy, and frankly, the world would be better off if much of that need goes in the direction of wind power.
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Rich countries have been sending aid to poor countries for the last 60 years. And, by and large, this has failed.
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In America, people buy cars, and they put very little money down. They get a car, and they go to work. The work pays them a salary; the salary allows them to pay for the car over time. The car pays for itself.
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Barack Obama has talked a lot about changing the way America relates to the world, and few areas are as ripe for reform as our policies on foreign aid.
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Pakistan is riddled with problems that are rooted in the disproportionate power of the state. Aid has only boosted that power.
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We should encourage governments to be sustained by citizens' taxes - that is, democracies. Democracies will be enduring allies of America.
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Poor countries are poor because they are wasting their resources.
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