Flows of Money Into and Out of Low and Middle Income Countries

In wealthy countries such as the UK we like to think that rich nations help poorer nations with aid and other types of development funding. We have millennium goals to eradicate poverty, surely we are helping our Southern neighbours develop sustainably?

Money-flows-ecolabs

Activists from the Global South tell a very different story. This map illustrates this counter-narrative using data from World Bank depicting the hidden flows of capital into and out of low and middle-income countries. It exposes the disturbing fact that rich nations extract significantly more money from the low and middle-income nations than they give in aid. Continue reading