Abstract:
The pop singer Bono recently accompanied Treasury Secretary Paul O'Neill to South Africa to determine whether aid to poor countries is practicable. Is there a change in U.S. aid policy in the offing? A couple of months earlier, President Bush, also with Bono at his side, raised the level of aid to be extended by the United States to poor countries in his proposed Millennium Account. The authors put the effort into much-needed perspective.