Perpetuating poverty

Since World War II, it has been widely believed that underdeveloped countries cannot become prosperous without billions of dollars in aid from wealthy countries. Yet after 40 years, there is little to show for it. Perpetuating Poverty is an eye-opening review of the scandalous record of the World Bank and the International Monetary Fund. The startling findings include: India has received the most foreign aid of any country since 1951 - about $55 billion - but today 40 percent of its population lives in poverty; after two decades of development planning financed largely by the IMF and the…