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Remittances as "philanthropy": The worst development idea I've seen this year

The latest Hudson Institute "Index of Global Philanthropy" just came out. It makes a very important point: that the United States gives an enormous amount of private, voluntary cash assistance to people in developing countries, far in excess of its official aid. Indeed, it shows that Americans give more to poor countries via private channels -- as a fraction of national income -- than any other rich country.