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How Will Greater Foreign Aid Help the Poor This Time?

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Publication Date: January 2006

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): William Easterly

Topic: International relations (International relief and humanitarian assistance)

Keywords: Trade and foreign aid

Type: Report

Abstract:

For long-run development, most of the hope is not from aid at all; it's from home-grown, private entrepreneurs, social entrepreneurs, reformist politicians, and political activists who campaign for democracy, get good customer feedback, have incentives and accountability, and get good outcomes. Aid at best could play a supporting role, fixing specific problems that are fixable by outsiders.