Two fingers to the poor
Privatising Britain’s development arm may not help those who need it
WHEN the British government set up the Colonial Development Corporation in 1948, the aim was to develop self-sustaining agriculture, industry and trade in the British empire. Renamed the Commonwealth Development Corporation (CDC) in the mid-1960s, its area of operation widened to the third world in general. Still, it kept its development mandate, especially for poor rural areas.
This article appeared in the Finance & economics section of the print edition under the headline “Two fingers to the poor”
From the June 16th 2001 edition
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