Why Foreign Aid Is Dwindling - Newsweek

Why Foreign Aid Is Dwindling - Newsweek: "At the last G8 summit in June, the world’s leading nations agreed to work hard on the usual litany of good causes—peace, global warming, etc.—with one notable exception. The issue that had dominated the summit just five years ago, foreign aid, got little mention. Perhaps that’s not surprising, given how many rich nations are busy bailing themselves out of the debt crisis, but it is emblematic of a wider malaise: the death of generosity itself."