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| Page 414 The main consequence has been a drop in Canada’s per capita GDP, when expressed in PPP-adjusted US dollars, relative to the per capita GDPs in other industrialized countries. To the extent that per capita GDP is an indicator of living standards, this represents a relative drop in Canadians’ average economic well-being as well. Page 424 In these other recipient countries, economic mismanagement and corruption can lead to a situation where aid funds do not contribute to growth or average well-being, but instead are used primarily on wasteful high-profile projects or to increase the living standards of a small governing elite. |