The Aid Trap
Hard Truths About Ending Poverty
Summary:
The book argues that foreign aid often hinders economic development in poor countries by undermining local entrepreneurship and governance. It advocates for a new approach that focuses on investment in business development and market creation to foster sustainable economic growth and reduce poverty.
Key points:
1. Aid Trap: Traditional foreign aid can harm more than help, creating dependency and corruption instead of growth and self-sufficiency.
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