Acton Institute Powerblog Archives

Post Tagged 'foreign aid'

March 17, 2006

The white man’s burden

William Easterly, professor of Economics at NYU, has written a new book challenging the prevailing development orthodoxy of increased aid and the “big push” to combat poverty in the Third World. Continue Reading...
March 07, 2006

Aid and the mystery of capital

Bono and the One Campaign want us to sign a petition encouraging the government to spend 1 percent of the U.S. budget for aid to developing countries. The One Campaign states that this would “transform the futures and hopes of an entire generation of the poorest countries.” Continue Reading...
February 28, 2006

Beginning “The End of Poverty”

Although I am a year behind here, I have just started reading Jeffrey Sachs’s The End of Poverty: Economic Possibilities for Our Time, paperback just released by Penguin (with a foreword by Bono!). Continue Reading...
February 10, 2006

The most corrupt countries

Forbes is featuring a slideshow highlighting a series of the most corrupt countries around the world, based on findings from Transparency International. The list of the “The Most Corrupt Countries” includes Chad, Bangladesh, Turkmenistan, Myanmar, Haiti, Nigeria, Equatorial Guinea, Cote D’Ivoire, Angola, Tajikistan, Sudan, Somalia, Paraguay, Pakistan, Kenya, and the Democratic Republic of Congo. Continue Reading...
February 09, 2006

Aid does not equal growth

The traditional formula for understanding the relationship between the developed and the developing world is the following: Aid = Economic Growth. That is, foreign aid spurs economic development in poorer nations. Continue Reading...
February 06, 2006

Acton ad campaign update

Acton is wrapping up a three-month project that had print advertisements running in several publications: WORLD, Crisis and the Michigan Catholic. The idea is to get people thinking about the economic consequences of trade policies and the power of entrepreneurial creativity. Continue Reading...
January 27, 2006

Foreign aid vs. economic freedom II

Jay Richards’ previous post on Richard Rahn’s article “Not Rocket Science” illustrates Huxley’s famous statement about a fact destroying a theory. Jay quotes Rahn’s lists of the politicians and development experts who support increased foreign aid. Continue Reading...