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. The... read full description
reviews
May 24, 2010
Josh
rated it: 
This is a really good book on poverty and development by the Chicago School of Business. The idea is simple: the Marshall plan worked because it put money directly into the business sector instead of into the government. These loans to the business sector were then repaid to the national government, who was then supposed to invest in infrastructure. The way that the World Bank and co. work today is that they propose a project to a government, calculate how much extra revenue the government will
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Mar 01, 2010
getAbstract
rated it: 
Treatise on a new Marshall Plan for third-world nations
Prosperous nations today spend more than $100 billion annually on aid to developing countries. Still, according to the World Bank “1.4 billion people live on less than $1.25 per day.” Columbia University Business School academics R. Glenn Hubbard and William Duggan warn against funneling more money to corrupt governments and tinpot dictators for development projects that never materialize. Instead, they propose “a new Marshall Pl More...
Prosperous nations today spend more than $100 billion annually on aid to developing countries. Still, according to the World Bank “1.4 billion people live on less than $1.25 per day.” Columbia University Business School academics R. Glenn Hubbard and William Duggan warn against funneling more money to corrupt governments and tinpot dictators for development projects that never materialize. Instead, they propose “a new Marshall Pl More...
Sep 17, 2011
Jim
rated it: 
It covers a lot of ground that William Easterly has already covered. Worse, the book chooses Greece as an example of how the Marshall Plan succeeded in stimulating business development, creating a vibrant economy from the rubble of World War II. Trouble is, the book was written before the economic collapse of 2008. The collapse revealed just how weak Greece's economy really is -- after two massive infusions of cash, its frailty threatens to bring down the entire European Union.
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Apr 24, 2011
Michael
rated it:
Short version: the Marshall Plan works, requires buy in from all stakeholders, and should be country-customizable based on the world bank's doing business top ten list.
Also, stop building wells without an ongoing maintenance plan.
Also, stop building wells without an ongoing maintenance plan.
Nov 06, 2009
Heard an interview with the author on NPR's Fresh AIR. How invtsting in local businesses can save Africa.
Mar 19, 2010
MikeFromQueens
rated it:
Compelling. I especially liked the historical beginnings. A little too much on the "how to" details, but the argument is sound. It was a quick read and though-provoking. I will look at charitable aid in a completely different light going forward.
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