How much money would be needed to modernize a third world countries economy?
I agree with another poster that corruption in government would bar any progress that an influx of cash would bring. The real problem to the idea that there is a set amount of money it that the money must go to the highest valued areas and that because the influx of buying power has not yet lead to an increase in productive capacity, the rest of the world would be worse of in the short run because of the influx. To illustrate it would be like 1 trillion injected into Nigeria and the buying power used to build expensive government buildings and hospitals, pretty up the land, and use the rest to feed the starving. While the hospitals would certainly help and feeding the hungry isn’t a bad goal, this would not lead to very much economic growth at all. What would have to be increaced is productive capacity so you would want factories, ports, and ships in addition to just things like infrastructure and education. This example could go for Egypt too but Egypt is starting from a much better p
