An encouraging account of the potential of foreign aid to reduce
poverty and a challenge to all aid organizations to think harder about
how they spend their money. With more than a billion people now living
on less than a dollar a day, and with eight million dying each year
because they are simply too poor to live, most would agree that the
problem of global poverty is our greatest moral challenge. The large
and pressing practical question is how best to address that challenge.
Although millions of dollars flow to poor countries, the results are
often disappointing. In Making Aid Work, Abhijit Banerjee—an "aid
optimist"—argues that aid has much to contribute, but the lack of
analysis about which programs really work causes considerable waste
and inefficiency, which in turn fuels unwarranted pessimism about the
role of aid in fostering economic development. Banerjee challenges aid
donors to do better. Building on the model used to evaluate new drugs
before they come on the market, he argues that donors should assess
programs with field experiments using randomized trials. In fact, he
writes, given the number of such experiments already undertaken,
current levels of development assistance could focus entirely on
programs with proven records of success in experimental conditions.
Responding to his challenge, leaders in the field—including Nicholas
Stern, Raymond Offenheiser, Alice Amsden, Ruth Levine, Angus Deaton,
and others—question whether randomized trials are the most
appropriate way to evaluate success for all programs. They raise
broader questions as well, about the importance of aid for economic
development and about the kinds of interventions (micro or macro,
political or economic) that will lead to real improvements in the
lives of poor people around the world. With one in every six people
now living in extreme poverty, getting it right is crucial.
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Produktdetaljer
ISBN
9780262260398
Publisert
2020
Utgiver
Random House Publishing Services
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter