Saturday, March 21, 2009

World | When Help Does Harm | WSJ

I heard an interview with the author on NPR and then saw this book review in the WSJ. Interesting case made that Western aid to Africa has basically created completely aid-dependent economies. Why work hard and invest when you can just wait for the check? Not mentioned in the book review but discussed on NPR was PRC's approach which is to do business in Africa (which has 9 of the 10 most hostile business environements in the world) and help local African companies grow, hire workers, push for infrastructure improvements, etc.

Obama, Clinton, Bono, World Bank, UN ... are you listening?