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Salient: Victoria University of Wellington Students' Newspaper. Vol. 32, No. 11. 1969.

1% Aid

1% Aid

"Politicians would soon accept '1%' if it were shown the public wanted it." said Mr Dennis Rose of the Institute of Economic Research, last week.

"The objections Mr Muldoon is putting forward would speedily be overcome if government felt it politically imperative to increase Aid," he said.

Mr Rose suggested that Aid is basically a moral question.

"NZ has an average per capita income of $US1763.

"For India this figure is $US79. It doesn't take an economist to see the discrepancy," he said.

In answer to Mr Muldoon's statements about NZ being unable to spend increased capital overseas, Mr Rose seemed to feel it was a matter of moral priorities, not just ecnomics.

"The National Development Conference predicts that the economy should expand by 4½% per annum—made up of 2% growth in the labour force and 2½% increase in productivity.

"In one year we could raise expenditure on overseas aid to 1% of National Income by devoting only 2/5 of that year's productivity increase," added Mr Rose.