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The Aid Trap: Hard Truths about Ending Poverty

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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 ...

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The Aid Trap: Hard Truths about Ending Poverty
2009, Columbia Business School Publishing, New York

ISBN-13: 9780231145626

Hardcover

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