Another case on how Aid doesn’t work-new book
Another new case against Foreign Aid. This time from Angus Deaton, an expert on global poverty and foreign aid. In his book “The Great Escape: Health, Wealth, and the Origins of Inequality, published in September 2013, Mr. Deaton declares that foreign aid does more harm than good, it corrupts governments and rarely reaches the poor, he argues that it is high time for the paternalistic West to step away and allow the developing world to solve its own problems.
Angus Deaton is the Dwight D. Eisenhower Professor of Economics and International Affairs in the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University. His many books include The Analysis of Household Surveys and Economics and Consumer Behavior. He is a past president of the American Economic Association.I invite you to read the 12 October article from NY Times: A Surprising Case Against Foreign Aid.
Also I share the following 10 Insights on the Book.