Thursday, January 30, 2014

An Example of the Mis-use of Official Development Assistance (ODA)?

http://asia.nikkei.com/Politics-Economy/Policy-Politics/Japan-opens-wallet-to-push-smart-cards-for-Asian-mass-transit

Does ODA project fit into economic welfare enhancement of Vietnam? Japan International Cooperation Agency (JICA) is throwing the Japanese tax payers money to Japanese and Vietnamese companies who should have undertaken the project on the basis of market principles?

Why should the Japanese tax payers support companies like Sony, NTT Data and Dai Nippon Printing in starting their businesses in Vietnam? They suppose to be risk takers if not risk neutral, but JICA has helped them to avoid business risks in Vietnam because even if the project does not succeed, after all that investment is Japanese tax payers' money!!!


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