Nidaria wrote:Handing out money is not the cure to poverty, as others have stated.
I'm sure that Jeffrey Sachs would be stunned to learn that you have come to an objective understanding of one of the thorniest economic/political problems of our day and that all of his academic work is totally invalidated by one, unexplained, unsubstantiated sentence online. Similarly, I'm sure William Easterly is surprised that he's been proven objectively correct by someone on the internet.*
* I'm being mean, I realise that, and I apologise for it. The point is that there aren't objective correct answers on this subject...and treating some statements as such is downright disrespectful to the work that people have done towards understanding problems like aid and poverty. Approaching this topic begins at reading Sachs and Easterly (and, for me, Duflo/Banerjee as well**), and then making comprehensive, case-by-case judgements. Development economics is a vast field, not one-line statements.***
** My own belief on aid is probably somewhere in the middle, in case you were curious, but that's undoubtedly coloured by my own work experience with organisations like JPAL and IFMR.
*** I'm not saying that you haven't read these authors don't know the field very well, I'm simply using this post as an example of this phenomenon. I apologise if I unfairly singled you out.

