THE QUEST FOR GROWTH
I recently read a book I would highly recommend for anyone interested in third world economic development, The Elusive Quest for Growth. The book is written by William Easterly, who has become very cynical during a long career at the World Bank. His basic premise, that people respond to incentives, would seem pretty obvious but is apparently news to many in that field.
On that topic, I continue to be amused by the public campaign of a Kenyan economist on a lonely mission to stop aid to his country. His points are largely consistent with Easterly's, that aid supports corrupt governments as opposed to helping the population.
I recently read a book I would highly recommend for anyone interested in third world economic development, The Elusive Quest for Growth. The book is written by William Easterly, who has become very cynical during a long career at the World Bank. His basic premise, that people respond to incentives, would seem pretty obvious but is apparently news to many in that field.
On that topic, I continue to be amused by the public campaign of a Kenyan economist on a lonely mission to stop aid to his country. His points are largely consistent with Easterly's, that aid supports corrupt governments as opposed to helping the population.
posted by Beelzebub at 8:25 AM
2 Comments:
I agree with most of Mr. Shikwati’s arguments. However, I am a supporter of the World Bank’s microcredit programs in depressed third world nations.
I am also in favor of microcredits, as it leaves less room for graft. I am sure they can redesign the programs to allow for a 30% despot cut though.
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