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eBook
The aid trap
2010,2009
Overview
Over the past twenty years more citizens in China and India have
raised themselves out of poverty than anywhere else at any time in
history. They accomplished this through the local business
sector-the leading source of prosperity for all rich countries. In
most of Africa and other poor regions the business sector is weak,
but foreign aid continues to fund government and NGOs. Switching
aid to the local business sector in order to cultivate a middle
class is the oldest, surest, and only way to eliminate poverty in
poor countries.
A bold fusion of ethics and smart business, The Aid
Trap shows how the same energy, goodwill, and money that we
devote to charity can help local business thrive. R. Glenn Hubbard
and William Duggan, two leading scholars in business and finance,
demonstrate that by diverting a major share of charitable aid into
the local business sector of poor countries, citizens can take the
lead in the growth of their own economies. Although the aid system
supports noble goals, a local well-digging company cannot compete
with a foreign charity that digs wells for free. By investing in
that local company a sustainable system of development can take
root.
Publisher
Columbia University Press,Columbia Business School Pub,Columbia Univ. Press
Subject
ISBN
0231145624, 9780231145626, 9780231519502, 0231519508
