Peter Bauer and the Failure of Foreign Aid — Andrei Shleifer

Peter Bauer is perhaps best known as a persistent and articulate critic of foreign aid. At least since 1972, he saw it as not only failing to speed up, but actually hurting economic development. He defined foreign aid as “a transfer of resources from the taxpayer of a donor country to the government of a recipient country.” Needless to say, this did not endear him to the aid establishment, though reality has shown his arguments to be correct.

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