But now the commission says the money should be spent on much hazier causes such as improving competitiveness, stimulating industrial innovation, creating sustainable economic development and equalising economic opportunities for men and women.

ECONOMIST: European regional aid

It is about participating in charitable endeavors that not only offer assistance to communities in need but that also create ecosystems of economic development within them, with the goal of stimulating long-term socioeconomic vitality.

FORBES: Forces for Good: All Good is Not Created Equal