The Aid Trap

Wednesday, December 23, 2009

Dean of Columbia Business School and the Russell L. Carson Professor of Economics and Finance, Glenn Hubbard, discusses how the same energy and money we devote to charity can be devoted to local business to help end poverty in developing nations. The Aid Trap: Hard Truths about Ending Poverty, written with William Duggan, shows how supporting the local business sector of poor countries would let citizens take charge of growing their own economies.


Glenn Hubbard
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Comments [6]

j from bklyn

2 things:
Everyone should check out this interesting post on today, both the post and the comments section below the post:

[5] the show is replayed at midnight-2AM on radio on 93.9FM, or seeming as you have internet to post a question, you can listen to it there at the link later this afternoon.

Dec. 23 2009 01:39 PM
Elisa Wu from Connecticut


I tuned in to the show late. Will there be a replay?

Dec. 23 2009 12:50 PM
M Claxton from Manhatan

This is an argument that has positive ramifications.
What should be noted is that inherent in this argument is the notion of wealth redistribution. An argument that I am sure most dominant culture economists would discourage. Poverty is alleviated by increased distribution of resources.

Dec. 23 2009 12:43 PM
Victor from Ramsey, NJ

I am ready to make a contribution. Is this a good idea?

Dec. 23 2009 12:29 PM
j from bklyn

the Marshall Plan was also used to prevent autocracy through governmental means from re-establishing itself via accountability, the statistical accountability work developed by Deming. When you have too much top down in any institution, the fish rots from the head, so to speak, even in private industry as we've just seen, especially when gov't chooses not to notice, as we just saw in the Bush administration[s].
What does the professor think of the Kiva and Grameen organizations? Especially since Grameen just opened it's own stock market.

Dec. 23 2009 12:27 PM
Stephen from Brooklyn

The Marshall Plan was more about expanding US export trade than to rebuild Europe. At the time, it was believed that a healthy economically integrated Europe would be able to purchase US goods with the cash obtained by exporting to the developing world. That is why Germany was re0industrialized very quickly and de-nazification stopped by 1947.

Dec. 23 2009 12:12 PM

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