The Aid Debate: Sachs v. Easterly

As of late, I have been focusing a bit on foreign aid and its effectiveness. After reading Dambisa Moyo’s book, Dead Aid, I became extremely interested in the topic of aid, looking at whether aid helps recipient societies or actually hurts themย through engendering aid dependency, corruption, etc. Easterly and Moyo both make poignant arguments about the lack of aid effectiveness, including the fact that (extremely) large sums of money (think $2.3T in the last half century or so) have been funneled into foreign aid with no real growth to show for it. Moreover, there are a number of aid recipients that are worse off now than they were before. Surely, aid has a direct effect on bettering the living standards of a certain number of individuals here and now, but in terms of long-term poverty alleviation/eradication (eradication’s probably an entirely too ambitious term), is aid really where it’s at? Sachs, who penned, ‘The End of Poverty,’ is the former director of the UN Millennium Development Goals andย is super pro-aid; he sees aid as a large and beneficial factor in development and has continually pushed for a large boost in aid. I’ve continued to look into all of their arguments (plus arguments of Paul Collier) to figure out where I stand on the matter… as for now, I tend to lean towards the side of Easterly & Moyo.

I found this fantastic write-up done in 2007 that puts Sachs up against Easterly in a discussion about foreign aid and it’s effectiveness in the development arena. Check it out. Perhaps it’s just the idea of these two brilliant (and somewhat dichotomous) men having it out that makes me love academia. Even more, it makes me love that we live in a world where people can voice their opinions on these types of matters freely.

For anyone else out there that finds this debate interesting, here are a few fun links to help you stay connected.

– Check out William Easterly’s Blog

– Check out Dambisa Moyo’s Website

– Check out the Center for Global Development’s work on Aid Effectiveness

– Follow Dambisa Moyo on Twitter

– Follow William Easterly on Twitter

– Watch Moyo speak at LSE on January 26th!

– Watch the debate: Moyo vs. Alison Evans (ODI)

Enjoy!

More about Shannon Kircher

Shannon Kircher is the founder and editor of The Wanderlust Effect, formerly The Traveling Scholar. Founded in 2009, she has continued to document her international escapes as an expat in Europe and the Caribbean. She is a former resident of London and San Francisco and now calls the island of Anguilla home. In addition to The Wanderlust Effect, Shannon is the Director of Marketing for the Frangipani Beach Resort and is on the Board of Directors of the Omololu International School in Anguilla.

  • Hey, just read your blog, I have been doing research on this, and your blog has helped. I will definately be coming back. I have added your Rss feed to my Feedburner, can’t wait to read more .keep up the good work

  • Roger Hams

    Here’s a humorous take on the Sachs-Esterly-Moyo “debate”

    A Highly Deplorable, Imaginary Conversation Between
    Famous Economists (on SPIN Earth)

    http://www.spinearth.tv/report/dead-aid-by-dambisa-moyo-a-deplorable-imaginary-conversation-between-famous-economists

  • Brian Cuddy

    For a more central look at aid, Rodger C. Riddell’s book “Does Foreign aid really work” (2007) is must read along side Sachs, Easterly and Moyo.

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