Heritage Event: How Will Greater Foreign Aid Help the Poor This Time?
Recorded on March 28, 2006
Location: The Heritage Foundation's Lehrman Auditorium
One of the hottest items on the agenda of both rich and poor
countries this year is foreign aid, particularly in light of last
year's announcement at the G8 Meeting at Gleneagles that donor
countries would increase aid to help reduce extreme poverty
according to the Millennium Development Declaration guidelines.
Some have even proposed that rich countries tie the amount of aid
given to a percentage of their gross domestic products. But what
will more money do this time for the poor that it has not yet done
for them in the past? How will the poor benefit from increased aid?
Dr. William Easterly will provide some insights into these
questions as well as discuss his latest research and its
implications on current aid programs.
Dr. William Easterly is Professor of Economics at New York
University, joint with Africa House, and Co-Director of NYU's
Development Research Institute. He also serves as a non-resident
Fellow of the Center for Global Development in Washington, D.C. He
spent sixteen years as a Research Economist at the World Bank. His
areas of expertise are the determinants of long-run economic growth
and the effectiveness of foreign aid. He was worked on all
continents, but most intensively in Africa, Latin America, and
Copies of Dr. Easterly's recent book, The White Man's
Burden: Why the West's Efforts to Aid the Rest Have Done So Much
Ill and So Little Good, published earlier this month will be
available for purchase and to be signed by the author.