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The Aid Trap - Hard Truths About Ending Poverty (Hardcover) Loot Price: R343
Discovery Miles 3 430
You Save: R90 (21%)

The Aid Trap - Hard Truths About Ending Poverty (Hardcover)

R. Glenn Hubbard, William Duggan

Series: Columbia Business School Publishing

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List price R433 Loot Price R343 Discovery Miles 3 430 You Save R90 (21%)

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Over the past twenty years more citizens in China and India have raised themselves out of poverty than anywhere else at any time in history. They accomplished this through the local business sector--the leading source of prosperity for all rich countries. In most of Africa and other poor regions the business sector is weak, but foreign aid continues to fund government and NGOs. Switching aid to the local business sector in order to cultivate a middle class is the oldest, surest, and only way to eliminate poverty in poor countries.

A bold fusion of ethics and smart business, "The Aid Trap" shows how the same energy, goodwill, and money that we devote to charity can help local business thrive. R. Glenn Hubbard and William Duggan, two leading scholars in business and finance, demonstrate that by diverting a major share of charitable aid into the local business sector of poor countries, citizens can take the lead in the growth of their own economies. Although the aid system supports noble goals, a local well-digging company cannot compete with a foreign charity that digs wells for free. By investing in that local company a sustainable system of development can take root.

General

Imprint: Columbia University Press
Country of origin: United States
Series: Columbia Business School Publishing
Release date: August 2009
First published: August 2009
Authors: R. Glenn Hubbard • William Duggan
Dimensions: 190 x 127 x 16mm (L x W x T)
Format: Hardcover
Pages: 198
ISBN-13: 978-0-231-14562-6
Categories: Books > Social sciences > Sociology, social studies
Books > Business & Economics > Economics
Books > Social sciences > Sociology, social studies > Social issues
Books > Business & Economics > Economics > Development economics
Books > Social sciences > Sociology, social studies > Social issues > Poverty
Books > Social sciences > Sociology, social studies > Social issues > Unemployment
Books > Business & Economics > Promotions
LSN: 0-231-14562-4
Barcode: 9780231145626

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