Why are poor countries still poor with all the money that yearly events generate? E.g. Comic Relief.

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I haven’t done any research on this so there are probably a lot of factors that I haven’t considered. Just genuinely intrigued as the charity adverts you see on TV imply that it doesn’t take a lot of money to feed one child or buy a blanket etc.

In: Economics

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Anonymous 0 Comments

While it doesn’t take that much to feed a child one meal, even millions of dollars only covers some basic food for a short period of time.

Say a country has 10 million people in need. 10 cents is one meal, so $1million feeds everybody 1 meal. On one day. $100million is about enough for 3 meals for a month.

Most of those charities aren’t raising $100million/month, or anywhere close to that. And that’s just a basic meal of rice or corn gruel… not much in way of veggies or protein.

And then there are things like providing clean water, shelter, clothing, education… you’re talking billions of dollars annually, for one country.

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