Dismal Economic Forecast For Afghanistan

A report today warns that Afghanistan could be headed for a severe economic depression once foreign troops leave in 2014. The report finds that 97 percent of Afghanistan's gross domestic product stems from spending related to the presence of coalition troops and international donors, and recommends that the U.S. redirect its aid to sustainable development projects in Afghanistan rather than short-term programs to stabilize areas cleared of the Taliban--efforts that breed corruption, distort local economies, and currently consume the lion's share of the nearly $19 billion in assistance America has channeled to the country thus far. In short, the congressional investigation concludes that despite some development gains like a a sevenfold increase in the number of Afghan children attending school, "the hugely expensive U.S. attempt at nation-building in Afghanistan has had only limited success and may not survive an American withdrawal.'' More Here.