The Aid Trap

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The Aid Trap

R. Glenn Hubbard,William Duggan
The Aid Trap Book PDF

Author : R. Glenn Hubbard,William Duggan
Publisher : Columbia University Press
Page : 217 pages
File Size : 50,8 Mb
Release : 2009-08-31
Category : Political Science
ISBN : 9780231519502

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The Aid Trap by R. Glenn Hubbard,William Duggan Pdf

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.

Dead Aid

Dambisa Moyo
Dead Aid Book PDF

Author : Dambisa Moyo
Publisher : Farrar, Straus and Giroux
Page : 208 pages
File Size : 52,5 Mb
Release : 2009-03-17
Category : Political Science
ISBN : 1429954256

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Dead Aid by Dambisa Moyo Pdf

In the past fifty years, more than $1 trillion in development-related aid has been transferred from rich countries to Africa. Has this assistance improved the lives of Africans? No. In fact, across the continent, the recipients of this aid are not better off as a result of it, but worse—much worse. In Dead Aid, Dambisa Moyo describes the state of postwar development policy in Africa today and unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined—and millions continue to suffer. Provocatively drawing a sharp contrast between African countries that have rejected the aid route and prospered and others that have become aid-dependent and seen poverty increase, Moyo illuminates the way in which overreliance on aid has trapped developing nations in a vicious circle of aid dependency, corruption, market distortion, and further poverty, leaving them with nothing but the "need" for more aid. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries that guarantees economic growth and a significant decline in poverty—without reliance on foreign aid or aid-related assistance. Dead Aid is an unsettling yet optimistic work, a powerful challenge to the assumptions and arguments that support a profoundly misguided development policy in Africa. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions.

The Aid Trap

R. Glenn Hubbard,William Duggan
The Aid Trap Book PDF

Author : R. Glenn Hubbard,William Duggan
Publisher : Columbia University Press
Page : 218 pages
File Size : 51,7 Mb
Release : 2009-09-05
Category : Political Science
ISBN : 9780231145626

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The Aid Trap by R. Glenn Hubbard,William Duggan Pdf

Proposes a model of economic assistance to developing countries that concentrates on creating a strong business sector, rather than continuing the current practice of funding governments and local non-governmental organizations in an effort to end poverty.

The Bottom Billion

Paul Collier
The Bottom Billion Book PDF

Author : Paul Collier
Publisher : Oxford University Press, USA
Page : 225 pages
File Size : 44,5 Mb
Release : 2008-10-02
Category : Business & Economics
ISBN : 9780195374636

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The Bottom Billion by Paul Collier Pdf

The Bottom Billion is an elegant and impassioned synthesis from one of the world's leading experts on Africa and poverty. It was hailed as "the best non-fiction book so far this year" by Nicholas Kristoff of The New York Times.

The Development Trap

Adam D. Kiš
The Development Trap Book PDF

Author : Adam D. Kiš
Publisher : Routledge
Page : 172 pages
File Size : 46,8 Mb
Release : 2018-03-05
Category : Social Science
ISBN : 9781351273787

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The Development Trap by Adam D. Kiš Pdf

A wave of optimism is sweeping through the international aid and development industry, championed by leaders such as Jeffrey Sachs and Jim Yong Kim, who believe that poverty eradication could be within our grasp. Yet in stark opposition come those who believe that all international development intervention is hegemonic, paternalistic, and neocolonialist and must be done away with. In this book, Adam D. Kiš argues for a middle ground. Poverty is an entrenched, intractable problem that will never be entirely eradicated. However, if we reorientate our objectives in line with realistic goals that improve the way that poverty is confronted on a smaller scale, we can still continue the fight for meaningful change. Using rigorous scholarship illustrated with vivid storytelling and personal anecdotes from fighting against poverty in the field, The Development Trap argues that we need to make progress against poverty on the micro, rather than the macro scale. Instead of shooting for a single overarching end of poverty, our goals must be modest and reachable. Poverty still won’t go away, on a macro scale, but it can go away for specific individuals - in fact, it already happens all the time. The Development Trap is a compelling account of the challenges of eradicating poverty, and the possibilities for meaningful change at a smaller scale. It will be perfect for international development professionals, students and scholars, and for those with a general interest in the future of aid and development.

The White Man's Burden

William Easterly,William Russell Easterly
The White Man s Burden Book PDF

Author : William Easterly,William Russell Easterly
Publisher : Penguin
Page : 456 pages
File Size : 45,8 Mb
Release : 2006
Category : Social Science
ISBN : 1594200378

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The White Man's Burden by William Easterly,William Russell Easterly Pdf

Argues that western foreign aid efforts have done little to stem global poverty, citing how such organizations as the International Monetary Fund and the World Bank are not held accountable for ineffective practices that the author believes intrude into the inner workings of other countries. By the author of The Elusive Quest for Growth. 60,000 first printing.

The Economic Dependency Trap

Calvin Helin
The Economic Dependency Trap Book PDF

Author : Calvin Helin
Publisher : Open Road Media
Page : 290 pages
File Size : 52,7 Mb
Release : 2014-07-01
Category : Self-Help
ISBN : 9781497637504

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The Economic Dependency Trap by Calvin Helin Pdf

2012 gold medal winner in the self-help category of the prestigious Ippy Awards This book offers effective strategies to help erase poverty. It advocates self-reliance, policy reform, and cultural awareness. Accountability is required from all: the middle class, the trust fund babies, and the underprivileged who see themselves as perpetual victims and have fallen into the entitlement trap. True blue prints are offered to rescue people from an economical slump and help them improve their lives, and re-obtain a sense of self-worth.

How China Escaped the Poverty Trap

Yuen Yuen Ang
How China Escaped the Poverty Trap Book PDF

Author : Yuen Yuen Ang
Publisher : Cornell University Press
Page : 345 pages
File Size : 45,6 Mb
Release : 2016-09-06
Category : History
ISBN : 9781501706400

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How China Escaped the Poverty Trap by Yuen Yuen Ang Pdf

WINNER OF THE 2017 PETER KATZENSTEIN BOOK PRIZE "BEST OF BOOKS IN 2017" BY FOREIGN AFFAIRS WINNER OF THE 2018 VIVIAN ZELIZER PRIZE BEST BOOK AWARD IN ECONOMIC SOCIOLOGY "How China Escaped the Poverty Trap truly offers game-changing ideas for the analysis and implementation of socio-economic development and should have a major impact across many social sciences." ― Zelizer Best Book in Economic Sociology Prize Committee Acclaimed as "game changing" and "field shifting," How China Escaped the Poverty Trap advances a new paradigm in the political economy of development and sheds new light on China's rise. How can poor and weak societies escape poverty traps? Political economists have traditionally offered three answers: "stimulate growth first," "build good institutions first," or "some fortunate nations inherited good institutions that led to growth." Yuen Yuen Ang rejects all three schools of thought and their underlying assumptions: linear causation, a mechanistic worldview, and historical determinism. Instead, she launches a new paradigm grounded in complex adaptive systems, which embraces the reality of interdependence and humanity's capacity to innovate. Combining this original lens with more than 400 interviews with Chinese bureaucrats and entrepreneurs, Ang systematically reenacts the complex process that turned China from a communist backwater into a global juggernaut in just 35 years. Contrary to popular misconceptions, she shows that what drove China's great transformation was not centralized authoritarian control, but "directed improvisation"—top-down directions from Beijing paired with bottom-up improvisation among local officials. Her analysis reveals two broad lessons on development. First, transformative change requires an adaptive governing system that empowers ground-level actors to create new solutions for evolving problems. Second, the first step out of the poverty trap is to "use what you have"—harnessing existing resources to kick-start new markets, even if that means defying first-world norms. Bold and meticulously researched, How China Escaped the Poverty Trap opens up a whole new avenue of thinking for scholars, practitioners, and anyone seeking to build adaptive systems.

The Mutual Fund Industry

R. Glenn Hubbard
The Mutual Fund Industry Book PDF

Author : R. Glenn Hubbard
Publisher : Columbia University Press
Page : 254 pages
File Size : 44,9 Mb
Release : 2010
Category : Business & Economics
ISBN : 9780231151825

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The Mutual Fund Industry by R. Glenn Hubbard Pdf

Mutual funds form the bedrock of retirement savings in the United States, and, considering their rapid growth over recent decades, are sure to become even more financially critical in the coming decades. Because the size of fees paid by investors to mutual fund advisers can strongly affect the return on investment, these fees have become contentious in Congress and the courts, with many arguing that investment advisers grow rich at the expense of investors. This groundbreaking book not only conceptualizes a new economic model for the industry but uses this model to test price competition between investment advisers. Its highly experienced authors track the growth of the industry over the past twenty-five years and present the arguments and evidence both for and against theories of adviser malfeasance, as well as the assertion that market forces fail to protect investors' returns from excessive fees. The volume briefly reviews the regulatory history of mutual fund fees and leading case decisions addressing excessive fees. It also reveals the extent to which the governance structure of mutual funds impacts fund performance. There is no greater text for those who seek to understand today's mutual fund industry, including investors, money managers, fund directors, securities lawyers, economists, and those concerned with regulatory policy toward mutual funds

Poverty, AIDS and Hunger

A. Conroy,M. Blackie,A. Whiteside,J. Malewezi,J. Sachs
Poverty AIDS and Hunger Book PDF

Author : A. Conroy,M. Blackie,A. Whiteside,J. Malewezi,J. Sachs
Publisher : Springer
Page : 251 pages
File Size : 44,7 Mb
Release : 2006-10-30
Category : Social Science
ISBN : 9780230627703

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Poverty, AIDS and Hunger by A. Conroy,M. Blackie,A. Whiteside,J. Malewezi,J. Sachs Pdf

Using the experiences of Malawi, one of the poorest countries on the African continent, to illustrate both the challenges that poverty creates, and the opportunities for change that exist. Poverty, AIDS and Hunger outlines an easily-replicable model, at modest cost, that could lift people quickly out of poverty, with sustainable benefits.

Poor Economics

Abhijit V. Banerjee,Esther Duflo
Poor Economics Book PDF

Author : Abhijit V. Banerjee,Esther Duflo
Publisher : PublicAffairs
Page : 321 pages
File Size : 52,9 Mb
Release : 2012-03-27
Category : Business & Economics
ISBN : 9781610391603

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Poor Economics by Abhijit V. Banerjee,Esther Duflo Pdf

The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.

Ending Aid Dependence

Yashpal Tandon
Ending Aid Dependence Book PDF

Author : Yashpal Tandon
Publisher : Fahamu/Pambazuka
Page : 162 pages
File Size : 47,7 Mb
Release : 2008
Category : Conditionality (International relations)
ISBN : 9781906387297

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Ending Aid Dependence by Yashpal Tandon Pdf

The author, Dr Yash Tandon, executive director of the South Centre, an intergovernmental think-tank of the developing countries, argues that ending aid dependence should be at the top of the political agenda of all countries. This will specially affect the present donor-dependent countries, in particular the poorer and vulnerable countries in Africa, Latin America, Asia and the Caribbean.

The End of Globalization

Harold JAMES,Harold James
The End of Globalization Book PDF

Author : Harold JAMES,Harold James
Publisher : Harvard University Press
Page : 272 pages
File Size : 52,5 Mb
Release : 2009-06-30
Category : Business & Economics
ISBN : 9780674039087

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The End of Globalization by Harold JAMES,Harold James Pdf

Globalisation is here. This text provides an historical perspective, exploring the circumstances in which the globally integrated world of an earlier era broke down under the pressure of unexpected events.

Poverty Traps

Samuel Bowles,Steven N. Durlauf,Karla Hoff
Poverty Traps Book PDF

Author : Samuel Bowles,Steven N. Durlauf,Karla Hoff
Publisher : Princeton University Press
Page : 251 pages
File Size : 51,9 Mb
Release : 2016-05-31
Category : Business & Economics
ISBN : 9780691170930

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Poverty Traps by Samuel Bowles,Steven N. Durlauf,Karla Hoff Pdf

Much popular belief--and public policy--rests on the idea that those born into poverty have it in their power to escape. But the persistence of poverty and ever-growing economic inequality around the world have led many economists to seriously question the model of individual economic self-determination when it comes to the poor. In Poverty Traps, Samuel Bowles, Steven Durlauf, Karla Hoff, and the book's other contributors argue that there are many conditions that may trap individuals, groups, and whole economies in intractable poverty. For the first time the editors have brought together the perspectives of economics, economic history, and sociology to assess what we know--and don't know--about such traps. Among the sources of the poverty of nations, the authors assign a primary role to social and political institutions, ranging from corruption to seemingly benign social customs such as kin systems. Many of the institutions that keep nations poor have deep roots in colonial history and persist long after their initial causes are gone. Neighborhood effects--influences such as networks, role models, and aspirations--can create hard-to-escape pockets of poverty even in rich countries. Similar individuals in dissimilar socioeconomic environments develop different preferences and beliefs that can transmit poverty or affluence from generation to generation. The book presents evidence of harmful neighborhood effects and discusses policies to overcome them, with attention to the uncertainty that exists in evaluating such policies.

Foreign Aid and the Future of Africa

Kenneth Kalu
Foreign Aid and the Future of Africa Book PDF

Author : Kenneth Kalu
Publisher : Springer
Page : 242 pages
File Size : 53,8 Mb
Release : 2018-05-22
Category : History
ISBN : 9783319789873

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Foreign Aid and the Future of Africa by Kenneth Kalu Pdf

During the past five decades, sub-Saharan Africa has received more foreign aid than has any other region of the world, and yet poverty remains endemic throughout the region. As Kenneth Kalu argues, this does not mean that foreign aid has failed; rather, it means that foreign aid in its current form does not have the capacity to procure development or eradicate poverty. This is because since colonialism, the average African state has remained an instrument of exploitation, and economic and political institutions continue to block a majority of citizens from meaningful participation in the economy. Drawing upon case studies of Angola, Cameroon, Chad, Equatorial Guinea, Democratic Republic of the Congo, and Nigeria, this book makes the case for redesigning development assistance in order to strike at the root of poverty and transform the African state and its institutions into agents of development.