, the 67-year-old Oxford-based confederation of multinational organizations, spends more than $600 million a year around the world fighting poverty, famine, climate change and discrimination. $32 million of that budget comes from book sales at its 130 second-hand bookshops
in the UK, making them the second largest retailer of second-hand books in Europe. Now, independent booksellers are beginning to speak out about the competition. On the BBC
, in the Telegraph
, the Guardian
, and the New York Times
, some British booksellers are questioning the wisdom of charities using chain stores to raise funds. Are they “destroying lives here to save them elsewhere” as they’ve been accused of by one former UK bookseller, or is this the logical economic result of “the English town with the secondhand bookshop everybody loves but most people never actually go into.” as David McCullough, director of trading for Oxfam recently speculated?
posted by Toekneesan
on Sep 9, 2009 -
The British aid agency OXFAM
has released new figures on foreign aid.
In 2003, the average aid budget
of wealthy countries was just 0.25% of national income. According to the OECD this is actually a modest increase.
Only 5 countries: Denmark, Luxembourg, the Netherlands, Norway, and Sweden meet or exceed the 0.7% target
agreed at the 1992 Rio Earth Summit. Among wealthy nations, the US is meanest in terms of percentage. At 0.14%, or £8 billion a year, the US foreign aid budget is less than one tenth of what was spent on the invasion of Iraq
. The aid budgets of rich nations are half what they were in 1960, Oxfam said, while poor countries are having to pay $100 million a day in debt repayments.
Does foreign aid help?
Or is it just throwing good money after bad
posted by three blind mice
on Dec 6, 2004 -