The aid trap: hard truths about ending poverty

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Columbia University Press,
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Over the past twenty years more citizens in China and India have raised themselves out of poverty than anywhere else at any time in history. They accomplished this through the local business sector?the leading source of prosperity for all rich countries. In most of Africa and other poor regions the business sector is weak, but foreign aid continues to fund government and NGOs. Switching aid to the local business sector in order to cultivate a middle class is the oldest, surest, and only way to eliminate poverty in poor countries.A bold fusion of ethics and smart business, The Aid Trap shows how the same energy, goodwill, and money that we devote to charity can help local business thrive. R. Glenn Hubbard and William Duggan, two leading scholars in business and finance, demonstrate that by diverting a major share of charitable aid into the local business sector of poor countries, citizens can take the lead in the growth of their own economies. Although the aid system supports noble goals, a local well-digging company cannot compete with a foreign charity that digs wells for free. By investing in that local company a sustainable system of development can take root.
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Grouped Work ID 09484b75-3861-f11d-d810-f414d8e208cf
Grouping Title aid trap hard truths about ending poverty
Grouping Author hubbard r glenn
Grouping Category book
Last Grouping Update 2019-09-09 04:48:44AM
Last Indexed 2019-09-16 04:52:03AM

Solr Details

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auth_author2 Duggan, William R.
author Hubbard, R. Glenn.
author2-role Duggan, William R.
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publishDate 2009
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical Description
ils:.b13113896 Book Books English Columbia University Press, 2009. xii, 198 pages ; 20.
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subject_facet Business enterprises -- Developing countries -- Finance
Economic assistance -- Developing countries
Endogenous growth (Economics) -- Developing countries
Poverty -- Developing countries -- International cooperation
title_display The aid trap : hard truths about ending poverty
title_full The aid trap : hard truths about ending poverty / R. Glenn Hubbard and William Duggan
title_short The aid trap :
title_sub hard truths about ending poverty