Development: The Good News
Bill Easterly, in a nutshell, says that we've spent $2 trillion on aid over the past 50 years and have nothing to show for it. Charles Kenny says he's entirely wrong, in a new paper saying that if you look at "nearly everything that matters" - nearly everything which isn't money, in other words - the developing world, Africa included, has improved dramatically over that time.
This remarkable progress has been truly global. Africa has benefited as much as Asia or Latin America. Countries that have seen no economic growth have seen almost the same levels of progress on broader indicators of development as have countries that grew rapidly.
This success should give us confidence in our abilities to overcome the many and considerable development challenges which remain, and suggests a different, or at least additional, strategy for attracting resources for that fight...
Suggesting that the governments, donors, businesses and NGOs that have long struggled to deliver the services required for improved outcomes have failed so miserably over the last thirty years that we remain in crisis surely suggests more resources to these same actors would only be a waste -that if there is still a crisis, development actors have only themselves to blame.
It is clear that there is a good deal that developing countries and the development community could do to better deliver basic services. But these all too often corrupt and usually inefficient organizations have nonetheless played a role in a widespread, unprecedented revolution in the quality of life of people worldwide over the last fifty years. Governments and donors have been key in expanding educational opportunities, in improving access to infrastructure, in providing basic health care. This success, rather than continued failure leading to crisis, is surely the reason that developing country governments and their development partners deserve continuing, growing support that would have us reach the 0.7 percent aid target.
I'd love to know what Bono thinks of this. His scolding paid off with Bush in the White House; maybe the soaring rhetoric of hope will fit better into the Obama worldview.
- Chart of the Day: U6
- Sep 6 2008 3:08AM EDT
- Drilling for Revenues
- Sep 6 2008 2:51AM EDT
- Too Many Shorts
- Sep 6 2008 2:27AM EDT
- Rescuing Frannie
- Sep 6 2008 2:00AM EDT
- Extra Credit, Friday Edition
- Sep 5 2008 6:08PM EDT
- Unemployment Passes 6%
- Sep 5 2008 8:42AM EDT
- When Universities Manage Other People's Money
- Sep 5 2008 6:40AM EDT
- Climate Engineering Proposal of the Day
- Sep 5 2008 6:09AM EDT
- Rent vs Buy Datapoint of the Day
- Sep 5 2008 5:03AM EDT
- Hyperbole on the Front Page
- Sep 5 2008 4:49AM EDT
- How are Covered Bond Ratings Determined?
- Sep 5 2008 4:34AM EDT
- Extra Credit, Thursday Edition
- Sep 4 2008 7:39PM EDT
- Global Property Bubbles: Not Bursting
- Sep 4 2008 10:27AM EDT
- LPs vs Shareholders at Blackstone
- Sep 4 2008 7:37AM EDT
- Cut Short
- Sep 4 2008 7:17AM EDT
Categories
Links
- Email Felix Salmon
- Alphaville

- Marginal Revolution

- The Panelist

- FP Passport

- Overcoming Bias

- Andrew Leonard

- Barry Ritholtz

- Brad Setser

- Carbon Tax Center

- Calculated Risk

- Greg Mankiw

- Free Exchange

- Dean Baker

- Alexander Campbell

- Kash Mansori

- The Bayesian Heresy

- A Fistful of Euros

- John Quiggin

- Michael Mandel

- Lance Knobel

- Mark Thoma

- Dan Gross

- Curbed

- Streetsblog

- Chris Anderson

- Deal Journal

- MarketBeat

- DealBook

- DealBreaker

- Carl Bialik

- Michelle Leder

- Brad DeLong

- The Epicurean Dealmaker

- Naked Capitalism

- Ultimi Barbarorum

- Econospeak

- Fortune: Daily Briefing

- Financial Crookery










