Hillary Clinton has urged developing nations to be “smart shoppers” when accepting foreign aid from China and other new donors, as she became the first US secretary of state in more than 50 years to visit Burma on Wednesday.
In Rangoon, Mrs Clinton warned that powerful emerging economies may be more interested in exploiting natural resources than promoting real development.
“Be wary of donors who are more interested in extracting your resources than in building your capacity,” she said. “Some funding might help fill short-term budget gaps, but we’ve seen time and again that these quick fixes won’t produce self-sustaining results.”
What would the US offer then, given that their country economy is so poor? Perhaps they should consider to receive aids from China!
Don’t believe everything you see on TV (or read on the Internet). The US is still the engine of the global economy.
Its is the engine of the global consuming economy. But, how long can you consume for and war for before, you’re broke.