Against More Aid: Why Development Assistance Should Not Be Tripled (Perspectives‪)‬

Since the early 1990s, many have analyzed, criticized, lamented, and protested five decades of large-scale development aid gone disastrously wrong. They have made two main arguments. First, many low-income countries are hobbled by corrupt governance and uncompetitive markets. Under these circumstances, development aid mostly benefits the rich and not the poor. Second, for various unfortunate reasons, donor agencies tend to favor development projects that are overly expensive and not sustainable. These profound critiques have come from both the political right and the left, from people and organizations in the South and the North, from academics and street protesters, and from people within and without the international donor community. [ILLUSTRATION OMITTED]