The Aid Trap

Download or read book The Aid Trap written by R. Glenn Hubbard and published by Columbia University Press. This book was released on 2009-08-31 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past twenty years more citizens in China and India have raised themselves out of poverty than anywhere else at any time in history. They accomplished this through the local business sector the leading source of prosperity for all rich countries. In most of Africa and other poor regions the business sector is weak, but foreign aid continues to fund government and NGOs. Switching aid to the local business sector in order to cultivate a middle class is the oldest, surest, and only way to eliminate poverty in poor countries. A bold fusion of ethics and smart business, The Aid Trap shows how the same energy, goodwill, and money that we devote to charity can help local business thrive. R. Glenn Hubbard and William Duggan, two leading scholars in business and finance, demonstrate that by diverting a major share of charitable aid into the local business sector of poor countries, citizens can take the lead in the growth of their own economies. Although the aid system supports noble goals, a local well-digging company cannot compete with a foreign charity that digs wells for free. By investing in that local company a sustainable system of development can take root.

Download or read book Dead Aid written by Dambisa Moyo and published by Macmillan. This book was released on 2009-03-17 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries.

Download or read book Poverty, AIDS and Hunger written by A. Conroy and published by Springer. This book was released on 2006-10-30 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using the experiences of Malawi, one of the poorest countries on the African continent, to illustrate both the challenges that poverty creates, and the opportunities for change that exist. Poverty, AIDS and Hunger outlines an easily-replicable model, at modest cost, that could lift people quickly out of poverty, with sustainable benefits.

Download or read book The Development Trap written by Adam D. Kiš and published by Routledge. This book was released on 2018-03-05 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: A wave of optimism is sweeping through the international aid and development industry, championed by leaders such as Jeffrey Sachs and Jim Yong Kim, who believe that poverty eradication could be within our grasp. Yet in stark opposition come those who believe that all international development intervention is hegemonic, paternalistic, and neocolonialist and must be done away with. In this book, the author argues for a middle ground. Poverty is an entrenched, intractable problem that will never be entirely eradicated. However, if we reorientate our objectives in line with realistic goals that improve the way that poverty is confronted on a smaller scale, we can still continue the fight for meaningful change. Using rigorous scholarship illustrated with vivid storytelling and personal anecdotes from fighting against poverty in the field, The Development Trap argues that we need to make progress against poverty on the micro, rather than the macro scale. Instead of shooting for a single overarching end of poverty, our goals must be modest and reachable.

Download or read book The Bottom Billion written by Paul Collier and published by Oxford University Press, USA. This book was released on 2008-10-02 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bottom Billion is an elegant and impassioned synthesis from one of the world's leading experts on Africa and poverty. It was hailed as "the best non-fiction book so far this year" by Nicholas Kristoff of The New York Times.

Download or read book The Mutual Fund Industry written by R. Glenn Hubbard and published by Columbia University Press. This book was released on 2010 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mutual funds form the bedrock of retirement savings in the United States, and, considering their rapid growth over recent decades, are sure to become even more financially critical in the coming decades. Because the size of fees paid by investors to mutual fund advisers can strongly affect the return on investment, these fees have become contentious in Congress and the courts, with many arguing that investment advisers grow rich at the expense of investors. This groundbreaking book not only conceptualizes a new economic model for the industry but uses this model to test price competition between investment advisers. Its highly experienced authors track the growth of the industry over the past twenty-five years and present the arguments and evidence both for and against theories of adviser malfeasance, as well as the assertion that market forces fail to protect investors' returns from excessive fees. The volume briefly reviews the regulatory history of mutual fund fees and leading case decisions addressing excessive fees. It also reveals the extent to which the governance structure of mutual funds impacts fund performance. There is no greater text for those who seek to understand today's mutual fund industry, including investors, money managers, fund directors, securities lawyers, economists, and those concerned with regulatory policy toward mutual funds

Download or read book Poor Economics written by Abhijit V. Banerjee and published by PublicAffairs. This book was released on 2012-03-27 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.