Daron Acemoglu

Thursday

23 Jan 2014
Why foreign aid fails - and how to really help Africa
Why foreign aid fails - and how to really help Africa
Why foreign aid fails - and how to really help Africa

David Cameron speaks compellingly about international aid. Eradicating poverty, he says, means certain institutional changes: rights for women and minorities, a free media and integrity in government. It means the freedom to participate in society and have a say over how your country is run. We wholeheartedly agree and were flattered to see the Prime Minister tell this magazine that he is ‘obsessed’ by our book on the subject, Why Nations Fail: The Origins of Power, Prosperity, and Poverty. But diagnosing a problem is one thing; fixing it another. And we don’t yet see the political will — in Britain or elsewhere — that could turn this analysis into a practical agenda. The British government is strikingly generous in foreign aid donations.

Why foreign aid fails - and how to really help Africa
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