Foreign Aid

From today’s Global Economic Governance lecture, Professor Kemal Dervis.  The ability to engage your classroom for two straight hours is such a rare gift. 

What percentage of America’s budget do you think goes towards Foreign Aid?

- Most Americans think it is 20%
- Most Americans think it should be 5-10%
- It is actually 1%

What is the fraction of rich country GDP that goes towards Foreign Aid?

- 0.43%