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Reinventing Foreign Aid

Editor

Listed:
  • William Easterly
    ()

    (New York University)

Abstract

The urgency of reducing poverty in the developing world has been the subject of a public campaign by such unlikely policy experts as George Clooney, Alicia Keyes, Elton John, Angelina Jolie, and Bono. And yet accompanying the call for more foreign aid is an almost universal discontent with the effectiveness of the existing aid system. In Reinventing Foreign Aid, development expert William Easterly has gathered top scholars in the field to discuss how to improve foreign aid. These authors, Easterly points out, are not claiming that their ideas will (to invoke a current slogan) Make Poverty History. Rather, they take on specific problems and propose some hard-headed solutions. Easterly himself, in an expansive and impassioned introductory chapter, makes a case for the "searchers"—who explore solutions by trial and error and learn from feedback—over the "planners"—who throw an endless supply of resources at a big goal—as the most likely to reduce poverty. Other writers look at scientific evaluation of aid projects (including randomized trials) and describe projects found to be cost-effective, including vaccine delivery and HIV education; consider how to deal with the government of the recipient state (work through it or bypass a possibly dysfunctional government?); examine the roles of the International Monetary Fund (a de facto aid provider) and the World Bank; and analyze some new and innovative proposals for distributing aid.

Suggested Citation

  • William Easterly (ed.), 2008. "Reinventing Foreign Aid," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262550660, March.
  • Handle: RePEc:mtp:titles:0262550660
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    2. repec:spr:soinre:v:138:y:2018:i:2:d:10.1007_s11205-017-1668-3 is not listed on IDEAS
    3. repec:bla:socsci:v:98:y:2017:i:1:p:282-298 is not listed on IDEAS
    4. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "Foreign Aid and Inclusive Development: Updated Evidence from Africa, 2005–2012," Social Science Quarterly, Southwestern Social Science Association, vol. 98(1), pages 282-298, March.
    5. Angus S. Deaton, 2009. "Instruments of development: Randomization in the tropics, and the search for the elusive keys to economic development," NBER Working Papers 14690, National Bureau of Economic Research, Inc.
    6. Neira, Isabel & Lacalle-Calderón, Maricruz & Portela, Marta, 2016. "Official development assistance, social capital and growth in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    7. Simplice Asongu, 2016. "Reinventing Foreign Aid For Inclusive And Sustainable Development: Kuznets, Piketty And The Great Policy Reversal," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 736-755, September.
    8. Simplice A. Asongu & Jacinta C. Nwachukwu, 2018. "Increasing Foreign Aid for Inclusive Human Development in Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 138(2), pages 443-466, July.
    9. Simplice Asongu, 2014. "Reinventing foreign aid for inclusive and sustainable development: a survey," Working Papers 14/033, African Governance and Development Institute..
    10. Jörg Peters, 2015. "Diskussionspapier: Von Staaten, Märkten und Subventionen – Paradigmenwechsel in der Armutsbekämpfung?," RWI Materialien, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, pages 13, 04.
    11. Peters, Jörg, 2014. "Von Staaten, Märkten und Subventionen: Paradigmenwechsel in der Armutsbekämpfung?," RWI Materialien 85, RWI - Leibniz-Institut für Wirtschaftsforschung.
    12. Gina M. S. Lambright, 2014. "Opposition Politics and Urban Service Delivery in Kampala, Uganda," Development Policy Review, Overseas Development Institute, vol. 32(s1), pages 39-60, July.
    13. repec:taf:defpea:v:28:y:2017:i:1:p:112-135 is not listed on IDEAS
    14. repec:zbw:rwimat:085 is not listed on IDEAS
    15. Simplice Asongu, 2018. "Introduction," Working Papers 18/021, African Governance and Development Institute..
    16. repec:gam:jsusta:v:10:y:2018:i:6:p:1697-:d:148500 is not listed on IDEAS
    17. repec:sdo:regaec:v:26:y:2017:i:2_9 is not listed on IDEAS
    18. Garry Bruton & David Ahlstrom & Steven Si, 2015. "Entrepreneurship, poverty, and Asia: Moving beyond subsistence entrepreneurship," Asia Pacific Journal of Management, Springer, vol. 32(1), pages 1-22, March.
    19. Simplice Asongu, 2014. "A brief clarification to the questionable economics of foreign aid for inclusive human development," Working Papers 14/028, African Governance and Development Institute..
    20. Lambright, Gina M. S., 2012. "Opposition Politics and Urban Service Delivery in Kampala, Uganda," WIDER Working Paper Series 051, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Keywords

    foreign aid; poverty reduction; searchers; planners;

    JEL classification:

    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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