Good News for the Bad News about International Aid

Nobel prize-winner Angus Deaton has some really bad news, especially so in this Christmas season of giving: Most international aid not only does not work, but it is harmful to countries who receive it.  Before you slam shut your checkbooks and stuff the credit cards back in your wallets and build an emotional moat around your Christmas-giving heart, let me explain why he is right but also what he misses (hint: The Good News).

The Failure of the Aid Model: A Surprising Discovery about What Caused Dependency in Africa

Most aid programs in Africa are moderate to spectacular failures. By contrast, all indications are that well-designed efforts built around income generation are the only way forward for those who want to escape poverty’s miry slough of despair.  But, how, in fact, did Africans end up in this terrible predicament in the first place?  Animism (the traditional worldview), endemic corruption, and terrible leadership are part of the answer, but…