Why Foreign Aid Has Failed . . . and How to Fix It

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After fifty years and more than two trillion dollars in aid, the West has strikingly little to show for its efforts in alleviating global poverty. How much does the world really know about fostering economic growth and development in the world’s poorest countries? Why has foreign aid so often failed to achieve results—and how can it be fixed? Is there an alternative to the current failed approach to development assistance?

Please join AEI for a panel discussion to discuss these and other questions. Speakers include William Easterly, professor of economics at New York University and author of White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good (Penguin Press, 2006); Robert Guest, former Africa editor of The Economist; and Adam Lerrick, AEI visiting scholar and professor of economics at Carnegie Mellon University. AEI research fellow Vance Serchuk will moderate.

About the Author

 

Adam
Lerrick
  • Adam Lerrick is the Friends of Allan H. Meltzer Professor of Economics at the Tepper School of Business at Carnegie Mellon University. He served as a senior adviser to the chairman of the International Financial Institution Advisory Commission (known as the "Meltzer Commission"), where he analyzed the workings of the World Bank and reassessed its role in the global economy. Previously, he was an investment banker with Salomon Brothers and Credit Suisse First Boston, and he originated and led the negotiation team of the Argentine Bond Restructuring Agency in the $100 billion Argentine debt restructuring.
  • Phone: 434-286-2372
    Email: alerrick@aei.org
  • Assistant Info

    Name: Chad Hill
    Phone: 202-862-5862
    Email: chad.hill@aei.org
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