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Aid Effectiveness Buzzwords Hide Need for Structural Transformation

Geoff Riley

7th August 2018

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How effective is aid in promoting economic growth and targeting extreme poverty reduction?

In this letter to the Guardian, a number of prominent development economists - including three Nobel winners - argue that policies to tackle the real root causes of poverty, inequality and climate change are more important in the long run than the current drive towards micro aid interventions drawing on randomised controlled trials.

The problem with “aid effectiveness” craze is that it narrows our focus to micro-interventions at local level that yield short term results, but ignores the broader macroeconomic, political and institutional drivers of impoverishment and underdevelopment https://t.co/WRaIm68qar
— Els Torreele (@ElsTorreele) August 5, 2018

The returns to #aid investments over the past 40 yrs https://t.co/KVpEhExufo More: https://t.co/c2HXxjV9xU @UNUWIDER pic.twitter.com/SaFpvgoj7N
— Finn Tarp (@FinnsAngle) August 6, 2018

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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