Esther Duflo , the renowned development economist, gave a speech on poverty alleviation in poor societies through provision of aids for personal and societal economic development . She observed that such aid does more harm than good if the same is not monitored to ensure its impact. She was of the opinion that inadequate data on the impact renders the aid useless. Duflo however acknowledged the challenges there are to collecting such data and suggested that the impact of the aid can be assessed by placing the solutions under randomized trials. The trials that give the most positive results should be used as the most efficient way of empowering impoverished societies.
The Wall Street Journal
In an article on The Wall Street Journal on March 21, 2009, economist and columnist Dambisa Moyo expressed similar concerns to those raised by Duflo. In the article titled “Why Foreign Aid Is Hurting Africa” Dambiso examined the impacts of aid which in many cases was intended to alleviate poverty in many developing countries in Africa from Kenya to Zambia to D.R. Congo. The aid which has been to the tune of billions of dollars ended up in the pockets of the rich ruling class further widening the gap between the rich and the poor in this countries and accelerating the levels of inequality. His solution to the problem however differs with Duflo’s and he suggests that the donors give the aid directly to the intended recipients. (Word Count 238)
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