A Quote by Amy Lockwood
Moyo, a Zambia-born economist, asserts that aid is not only ineffective-it's harmful. Her argument packs a strong punch because she was born and raised in Africa. Moyo believes aid money promotes the corruption of governments and the dependence of citizens, and advocates that an investment approach will do more to help reduce poverty than aid ever could.
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Easterly, a celebrated economist, presents one side in what has become an ongoing debate with fellow star-economist Jeffrey Sachs about the role of international aid in global poverty. Easterly argues that existing aid strategies have not and will not reduce poverty, because they don't seriously take into account feedback from those who need the aid and because they perpetuate western colonial tendencies.
The notion that aid can alleviate systemic poverty, and has done so, is a myth. Millions in Africa are poorer today because of aid; misery and poverty have not ended but increased. Aid has been, and continues to be, an unmitigated political, economic, and humanitarian disaster for most parts of the developing world.
The most obvious criticism of aid is its links to rampant corruption. Aid flows destined to help the average African end up supporting bloated bureaucracies in the form of the poor-country governments and donor-funded non-governmental organizations.
Aid leads to more aid and more aid and more aid and less independence of the people that are receiving aid.
Government-to-government foreign aid promotes statism, centralized planning, socialism, dependence, pauperization, inefficiency, and waste. It prolongs the poverty it is designed to cure. Voluntary private investment in private enterprise, on the other hand, promotes capitalism, production, independence, and self-reliance.
'Dead Aid' is about the inefficacy and the limitations of large-scale aid programs in creating economic growth and reducing poverty in Africa.
Africa needs help, no question about that but I'd rather prefer that the money is channeled. That's what I call smart aid; it's channeled through African civil society groups. These are the groups which can be held more accountable. These are the groups which will sort of monitor how the aid money is spent.
If you take all the food aid, America is by far the most generous country. If you take the direct aid, we're very generous. But when you add on our private contributions - see, our tax system encourages private citizens to donate to organisations that, for example, help the folks in Africa. And when you take the combined effort of US taxpayers' money plus US citizens' donations, we're very generous. And we'll do more.
Aid makes itself superfluous if it is working well. Good aid takes care to provide functioning structures and good training that enables the recipient country to later get by without foreign aid. Otherwise, it is bad aid.
If not one more cent in new aid money flowed [to Africa], we could with more urgency and efficiency and creativity be doing much more to take more people out of poverty.
Countries which receive aid do graduate. Within a generation, Korea went from being a big recipient to being a big aid donor. China used to get quite a bit of aid; now it's aid-neutral.
Aid can work where there is good governance, and usually fails where governments are unable or unwilling to commit aid to improve the lives of their people.
The foundation of a nation is self-aid, mutual aid and public aid.
Almsgiving tends to perpetuate poverty; aid does away with it once and for all. Almsgiving leaves a man just where he was before. Aid restores him to society as an individual worthy of all respect and not as a man with a grievance. Almsgiving is the generosity of the rich; social aid levels up social inequalities. Charity separates the rich from the poor; aid raises the needy and sets him on the same level with the rich.
India is more of an aid recipient than a provider of aid.
Legal aid gets a bad press. Some rail against handing taxpayers' money to criminals; others attack fat cat lawyers, while some argue that we spend far more on legal aid than other countries. But let's get some facts straight: saying that legal aid is just about criminals is wrong - most goes to people before any decision is taken on their guilt.
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