The aid trap

hard truths about ending poverty

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Last edited anonymously
September 24, 2010 | History

The aid trap

hard truths about ending poverty

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. - Publisher.

Publish Date
Language
English

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Edition Availability
Cover of: The aid trap
The aid trap: hard truths about ending poverty
2009, Columbia Business School Pub.
in English
Cover of: The aid trap
The aid trap: hard truths about ending poverty
2009, Columbia Business School Pub.
in English

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Book Details


Table of Contents

Introduction: the charity trap
Business first: the roots of prosperity in the modern world
Business last: the roots of failure in poverty aid
Strong medicine: the Marshall plan as a business model
Chase the devil: details for a Marshall model
Conclusion: make it your business.

Edition Notes

Includes bibliographical references and index.

Published in
New York

Classifications

Dewey Decimal Class
338.9109172/4
Library of Congress
HC60 .H8195 2009

The Physical Object

Pagination
p. cm.

ID Numbers

Open Library
OL23392555M
ISBN 13
9780231145626, 9780231519502
LCCN
2009021579
Library Thing
8703991
Goodreads
6094532

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History

Download catalog record: RDF / JSON
September 24, 2010 Edited by 158.158.240.230 Edited without comment.
April 16, 2010 Edited by WorkBot update details
February 6, 2010 Edited by WorkBot add more information to works
December 10, 2009 Created by WorkBot add works page