Was Development Assistance a Mistake?

12 Pages Posted: 29 May 2012

See all articles by William Easterly

William Easterly

New York University - Department of Economics

Date Written: 2012

Abstract

Development assistance is the combination of money, advice, and conditions from rich nations and international financial institutions like the World Bank and International Monetary Fund designed to achieve economic development in poor nations. This article argues that development assistance was based on three assumptions that, with the benefit of hindsight (although a wise few also had foresight), turned out to be mistaken.

Suggested Citation

Easterly, William, Was Development Assistance a Mistake? (2012). Available at SSRN: https://ssrn.com/abstract=2070232 or http://dx.doi.org/10.2139/ssrn.2070232

William Easterly (Contact Author)

New York University - Department of Economics ( email )

269 Mercer Street
New York, NY 10003
United States

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