The pros and cons of wealthy countries to aid poorer nations.
I was born in Guernsey and lived there for most of my life barring 12 or so years in Ireland and subsequently decided to retire to Madagascar. This caught my eye and I can understand why the deputy calls for an end to overseas aid. Guernsey is a small island ( it is a British Crown Dependency) with a population of around 65,000 people and an estimated GDP of 3’5 billion sterling. So per capita GDP is relatively high. The economy faces significant challenges including low productivity, declining labour participation, high inflation, structural fiscal deficits, and relative underperformance. Middle and lower income households are under pressure and some parts of the community are finding it difficult to make ends meet due to the high cost of living and in particular house prices and house rentals. Guernsey residents will decide but it got me thinking about the pros and cons for wealthy countries to assist poorer nations. The case for wealthy countri...