development aid

The Failed Promises of International Aid

Aid does not work” is a meme we often hear when it comes to development. Actually, it is a pronouncement made by people who would like foreign aid to stop and see it as “one of these failed government projects.” Aid does work under proper conditions, but quite often, as Jeffrey Sachs has demonstrated, aid does not work because of the donor countries who either do not live up to their commitment or actually set up aid to benefit themselves without much consideration for the people that are supposed to be helped. Two stories in the news highlight these problems.  Read more