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Monday 21 Aug 2017 | 06:58 | SYDNEY
Monday 21 Aug 2017 | 06:58 | SYDNEY

A footnote to our aid debate



10 March 2008 09:33

It's interesting to note how closely our debate of last week resembled this pithy summary (link via Global Dashboard):

Until very recently, if you spent anytime thinking about development policy, the chances are that you fell into one of three groups. One group believes the problem with developing countries is lack of resources. So the solution is a vast increase in foreign aid.  A second group believes the real problem if lack of incentives. So the solution is more and better markets. The third group thinks the problem is lousy governments, so the answer lies with improved governance.

But there's a fourth perspective emerging, which argues that we don't know what the specific problems are in a given country, and so the focus should be on experimentation and evaluation, rather than imposing solutions.

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