- Series: Columbia Business School Publishing
- Hardcover: 216 pages
- Publisher: Columbia University Press; 1st edition (August 31, 2009)
- Language: English
- ISBN-10: 0231145624
- ISBN-13: 978-0231145626
- Product Dimensions: 5.5 x 0.6 x 8.5 inches
- Shipping Weight: 12 ounces (View shipping rates and policies)
- Average Customer Review: 13 customer reviews
- Amazon Best Sellers Rank: #1,273,923 in Books (See Top 100 in Books)
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
The Aid Trap: Hard Truths About Ending Poverty (Columbia Business School Publishing) 1st Edition
Use the Amazon App to scan ISBNs and compare prices.
Fulfillment by Amazon (FBA) is a service we offer sellers that lets them store their products in Amazon's fulfillment centers, and we directly pack, ship, and provide customer service for these products. Something we hope you'll especially enjoy: FBA items qualify for FREE Shipping and Amazon Prime.
If you're a seller, Fulfillment by Amazon can help you increase your sales. We invite you to learn more about Fulfillment by Amazon .
Customers who viewed this item also viewed
From Publishers Weekly
Hubbard and Duggan, respectively dean and lecturer at Columbia Business School, make the case that current foreign aid and Third World projects—particularly in Africa—aren't working and that the developed world must rethink how it allots aid money. The authors dissect (and disagree) with the U.N.'s Millennium Goals strategy for attacking poverty, pet project of Jeffrey Sachs and a host of celebrities. They condemn the strategy as a charity trap, that perverts local economies and keeps corrupt leaders rich. The authors contend that poor countries can attain prosperity and self-sufficiency only if aid money goes to cultivating a functioning business sector. Microfinance, they say, is working but stops short; they propose something much more ambitious: a new Marshall Plan, an almost prohibitively daunting task given the vast differences among developing countries, the controls each puts on business and the input required from other developed nations. But the plainly stated thesis and the authors' willingness to confront conventional wisdom and examine and energetically attack the problem are refreshing and necessary. (Sept.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Anyone who wants to end poverty should take seriously the powerful and provocative arguments of The Aid Trap. Even if R. Glenn Hubbard and William Duggan don't convince you to embrace their new Marshall Plan, you will come away with a deeper appreciation for the limits of charity, the dangers of top-down planning, and the importance of creating a vibrant and open business sector. (J. Gregory Dees, Center for the Advancement of Social Entrepreneurship, Duke University's Fuqua School of Business)
R. Glenn Hubbard and William Duggan make a persuasive case that international aid flows have been grossly misdirected. In trying to do good, those in the developed world may actually have ended up doing substantial harm to the developing world. Hubbard and Duggan instead argue that aid flows should be redirected towards encouraging business and entrepreneurship. This is a timely and readable book about how to solve one of the most challenging problems of our time. (Raghuram G. Rajan, The University of Chicago Booth School of Business)
The authors' willingness to confront conventional wisdom and examine and energetically attack the problem are refreshing and necessary. (Publishers Weekly)
The Aid Trap is not about the failure of conventional aid but provides the outline of a solution that can work if taken seriously. It is that rare prescriptive book, and the world must pay attention. (Muhammad Yunus, winner of the Nobel Peace Prize)
Glenn Hubbard and William Duggan's considered analysis of The Aid Trap adds a new and important dimension to the on-going development debate. This book, grounded in logic and supported by evidence, presents reasonable and sustainable steps that will move Africa forward. (Dambisa Moyo, author of Dead Aid: Why Aid In Not Working and How There Is a Better Way for Africa)
A few years ago, we in Mauritius set out to make it easier for our own people and foreign companies to do business in our country. The result has been far more prosperity for our people. Other countries want to learn from our experience. I am pleased to see that there is now a book that can help. The Aid Trap makes a strong case and offers concrete steps for countries not to rely exclusively on the aid world and join the business world instead. I hope this book has a wide impact on the minds, hearts, and actions of national leaders, multinational and local businesses, aid agencies, and concerned citizens around the world. (Honorable Navinchandra Ramgoolam, Prime Minister of Mauritius)
Offers a different and logical, if emotionally counter-intuitive, approach to foreign aid. (Sarah Lynch Forbes)
The authors point to the burgeoning economies of China and India as evidence that thriving businesses are the key to ending poverty. (Chronicle of Philanthropy)
The Aid Trap articulates a constructive set of ideas about how to reform foreign aid. (Economist)
The Aid Trap does a good job of both highlighting problems with the current aid structure and prescribing solutions. (Reuben Abraham Alliance Magazine)
Try the Kindle edition and experience these great reading features:
Showing 1-5 of 13 reviews
There was a problem filtering reviews right now. Please try again later.
Here is another book I found written far better and CERTAINLY better sourced. Perhaps the author, a relative unknown economist, should not be compared to Dr. Hubbard, given Dr. Hubbard's accomplishments, but I certainly expected Hubbard's book to be more like this one. Check it out and compare your thoughts.
To my disappointment, they failed to show how the Marshall plan has worked in the European countries in more detail. It may be because they did not have enough knowledge or deep understanding how the Marshall plan was planned, implemented. Neither do they have enough knowledge or understanding on the development for developing countries.
Once they tried to combined two unknown things together, the consequence is a disaster: just to repeat same thing without much evidence and explanation.
In my view, if the authors truly tried to argue the key factor in development is "private sector development" which I think it is noble, they should start the success story of East Asian countries, in addition to the Marshall Plan.
In East Asain countries, the government played very important role to help the business to grow to become more competative. The business sector did not grow by itself but they could prosper with the good cooperation of the government. In that sense, this book should cover thhe argument that industrial policy is very important in development of the poor countries should be reviewed. If they focused on the approach of developing all the sectors at the same time which the current aid institutions supported, they could have not been sucessful. The future is always uncertain whether you take selective or comprehensive approach. However, under the thin resources provided, the selective approach looks more promising to me.
The authors assert unequivocally that the solution to poverty is business. Their investigations reveal that it is easy to conduct business in most wealthy countries, but very difficult to conduct business in many poor countries. The obstacles to business often include exorbitant taxes, enormous amounts of paperwork and bureaucracy, problems with employing people, lack of availability of credit, and high tariffs preventing trade across borders. The World Bank create an annual Doing Business report that ranks countries on these sorts of features.
Not only does the book diagnose the problem, it comes up with a plan to solve poverty: a new Marshall Plan. After the Second World War, an international aid plan known as the Marshall Plan helped to kick start businesses and economies in Europe. The authors propose setting up an authority which loans money to businesses in poor countries which agree to reform their business sectors. The businesses repay the loans to their local governments, which spend the money on infrastructure to support further business.
In my view the authors are only partly correct in their diagnosis and solution. The legal environment for business is only one essential aspect of the solution to poverty. The cultural and political environments also need to be favourable, and they are far harder to change than the regulations affecting business.
The book is quite a short one, but it is easy to read and contains some very thought-provoking material. Although I do not agree with everything it says, I strongly recommend it to anyone who is interested in ending poverty.