PRAISE FOR THE AID TRAP
"The Aid Trap
is not about the failure of conventional aid but provides the outline
of a solution that can work if taken seriously. It is that rare
prescriptive book, and the world must pay attention."
— Muhammad Yunus,
winner of the Nobel Peace Prize, founder of the Grameen Bank
"Glenn Hubbard and Williams Duggan's considered analysis of the "Aid Trap" adds a new and important dimension to the on-going development debate. This book, grounded in logic and supported by evidence, presents reasonable and sustainable steps that will move Africa forward."
— Dambisa Moyo, author of Dead Aid: Why Aid is Not Working and How There Is a Better Way for Africa
"A few years ago, we in Mauritius set out to make it easier for our own people and foreign companies to do business in our country. The result has been far more prosperity for our people. Other countries want to learn from our experience. I am pleased to see that there is now a book that can help. The Aid Trap makes a strong case and offers concrete steps for countries not to rely exclusively on the aid world and join the business world instead. I hope this book has a wide impact on the minds, hearts, and actions of national leaders, multinational and local businesses, aid agencies, and concerned citizens around the world."
— Honorable Navinchandra Ramgoolam, Prime Minister of Mauritius
"I
can't think of anyone better qualified than R. Glenn Hubbard and
William Duggan to analyze what they perceptively call the 'feudal
system of aid' and to suggest ways to break free. They persuasively
argue that thriving private businesses are the best hope for the
world's poor and have taken a practical approach to allow business to
thrive."
— William Easterly, author of The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good
"The authors' willingness to confront conventional wisdom and examine
and energetically attack the problem are refreshing and necessary."
— Publishers Weekly
"Anyone who wants to end poverty should take seriously the powerful and provocative arguments of The Aid Trap.
Even if R. Glenn Hubbard and William Duggan don't convince you to
embrace their new Marshall Plan, you will come away with a deeper
appreciation for the limits of charity, the dangers of top-down
planning, and the importance of creating a vibrant and open business
sector."
— J. Gregory Dees, Center for the Advancement of Social
Entrepreneurship, Duke University's Fuqua School of Business
"R. Glenn Hubbard and William Duggan make a persuasive case that
international aid flows have been grossly misdirected. In trying to do
good, those in the developed world may actually have ended up doing
substantial harm to the developing world. Hubbard and Duggan instead
argue that aid flows should be redirected towards encouraging business
and entrepreneurship. This is a timely and readable book about how to
solve one of the most challenging problems of our time."
— Raghuram G.
Rajan, The University of Chicago Booth School of Business
