Thursday, December 6, 2007
Africa's Poverty Trap
I'm just starting to read The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done so Much Ill and so Little Good by William Easterly. I'll probably give a more detailed overview when I'm done, but it's essentially a full-fledged bash of the "poverty trap" and Jeffrey Sachs' assertion that extreme poverty can only be overcome through 3rd-party aid. However, I found an oped piece Easterly wrote for the Wall Street Journal recently that presents some of his key criticisms I thought I'd pass along now. Here's the link: http://www.nyu.edu/fas/institute/dri/Easterly/File/AfricasPovertyTrap_WSJ032307.pdf.
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