Articles

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.

Subjects

Files

Also Published In

Title
Foreign Affairs

More About This Work

Academic Units
Economics
Published Here
February 7, 2013