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How to make foreign aid work
Here is an interesting article by Abhijit Banerjee of MIT; here are many responses, most prominently by Angus Deaton (the most incisive), Nicholas Stern, and Jagdish Bhagwati.
Posted by Tyler Cowen on July 26, 2006 at 02:36 AM in Economics | Permalink
Comments
The best foreign (humanitarian) aid is to hire private military companies to create the rule of law and private property rights in the worst governed areas. This would also create a competition among the worst governments to reform so as to avoid being the next target for such aid.
Posted by: Lab_Frog at Jul 26, 2006 6:23:05 AM
This article reminds me of how difficult it is to translate good ideas into reality.
Are we at the point where most of the 'easy' solutions are already in place? Or is everything easy in hindsight?
Posted by: Nathan at Jul 26, 2006 7:32:40 AM
The best foreign aid is to convince people and governments to believe in free market economics.
Posted by: Mr. Econotarian at Jul 26, 2006 2:04:52 PM
Excellent article but an even more excellent site. Thanks for sharing the resource.
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Posted by: levan at Sep 11, 2006 3:55:39 AM
