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Good intentions at the expense of the poor
Vigilante non-governmental organisations (NGOs) have become the de facto regulators of the flow of finance to the developing world. They seek to seize, without compensation, the property rights of emerging nations together with their prospects for growth. Contrary to the classic interventions of the well intentioned, it is the poor world that will bear the costs while the rich world benefits. Will their rough and ready tactics win out? Do not bank on it. Quiescent resources beyond the reach of western activists will mobilise to fund a new marketplace where economic forces, not intimidation, prevail...