October 15, 2009
Why the Aid System Does Not End Poverty
NEW BOOKS
The Aid Trap
by R. Glenn Hubbard and William Duggan
Billions of dollars of aid have been given to poor countries but the money has not led to prosperity and has instead fallen victim to the "charity trap," the mistake of donating money to poor people in impoverished nations instead of promoting self-sufficiency, contend R. Glenn Hubbard, dean of Columbia Business School, and William Duggan, a senior lecturer at the
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