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Banned Aid: Why International Assistance Does Not Alleviate Poverty: Review Essay

Bhagwati, Jagdish N.

As the Zambian economist Dambisa Moyo argues, the concept of foreign aid is flawed--not just because corrupt dictators divert aid for nefarious or selfish purposes but also because even in reasonably democratic countries, aid creates perverse incentives and unintended consequences.

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Foreign Affairs

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Economics
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February 7, 2013
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