Page 11 - William Easterly News Today

The fact that foreign aid as currently practised has failed to achieve its poverty reduction targets in Africa is clear from the data. Over 75% of the world’s poor live in Africa today. In 1970 the figure was 10%. Some forecasts suggest it could rise to 90% by 2030. Africa is the only continent in the world where official aid inflow outstrips private capital inflow by a large margin. This is problematic since no country in the world has achieved substantial development based on reliance on a...

Washington Consensus is not dead Pakistan should open economy, adopt market-oriented policies ISLAMABAD: On April 23, 2021, The Express Tribune published a statement of Minister for Planning and Development Asad Umar. He said: “Washington Consensus is not even implemented in Washington and the idea of free market without government regulation is buried.” This gives the impression that the Washington Consensus is a failed idea and has not worked in supporting economic growth and prosperity. ...

Carnegie Endowment for International Peace Source: Getty Summary:  Many African countries have placed economic diversification high on the policy agenda, yet they first need to define what it means in their specific structural and socioeconomic contexts. Related Media and Tools If you enjoyed reading this, subscribe for more! Thank you! Summary For decades, economic diversification has been a policy priority for low- and middle-income economies. In the words of former managing director of the ...

(3 votes) “Humanity’s special place in the cosmos is one of abandoned claims and moving goalposts.”  — FRANZ DE WAAL Together Francis, the Merciful, and his UN sidekick,  Jeffrey Unsustainable Sachs concocted the Vatican’s support of the UN Sustainable Development Goals (SDGs).  Francis endorsed the 17 UN Sustainable Development commandments believing they were the gateway to heaven on earth. Included in the sustainable manifesto was goal 8.7, which promised the eradication of glob...

JENNIFER FARNSWORTH The Leader-Herald JOHNSTOWN — Fulton Montgomery Community College Board of Trustees Chairman Geoffrey Peck wasted no time in congratulating the college’s new President, Greg Truckenmiller, along with the newly appointed Provost and Vice President for Academic Affairs, Diana Putnam. The board gathered for April’s business meeting last week and collectively echoed the sentiment that they are excited about what the pair brings to the college. Both Truckenmiller and Putn...

Democracy is having a hard time. In India, once the world’s largest democracy, the pandemic has hastened the country’s slide toward authoritarianism. In the US, the Trump administration’s attacks on democratic norms reached new lows when the former president, backed by the Republican party, refused to accept his loss in the November 2020 elections. In fact studies show democratic norms are in decline worldwide. Freedom House recently argued that democracy has been declining since 2005, w...

Summary The IMF was created in the wake of World War II to manage the global regime of exchange rates and international payments. Since the collapse of fixed exchange rates in 1973, the fund has taken a more active role, intervening in debt crises in developing countries and in Greece and responding to the pandemic-induced economic crisis. Some critics say the conditions the IMF attaches to its loans are too harsh and have harmed developing countries. Since its inception in July 1944, the Inte...

In the preface of her new book,  Boomers: The Men and Women Who Promised Freedom and Delivered Disaster, Helen Andrews notes with characteristic bluntness, “Boomers didn’t just shake up the nuclear family. They broke it.” It’s a defensible claim, but unfortunately, Andrews (a senior editor at  The American Conservative) does almost nothing in the rest of her book to defend it.  The book consists of six profiles of famous Boomers—Steve Jobs, Aaron Sorkin, Jeffrey Sachs, Camille Pagl...

♪ ♪ steve: welcome back, everyone. were back with sara and charlie. we have another aspect of the immigration debate to bring you, a huge part of the immigration crisis is the flow of people trying to escape the crime and corruption in failed states like honduras, el salvador, guatemala. theres an establishment consensus on what to do about that, give them more aid. is that really the answer? im joined now by highly acclaimed economist william easterly. professor, good to see you. >> good to...

To run their own lives but those in power are capable of running everyone elses lives because they are so much smarter. it is what i call the fatal conceive or william easterly calls the tyranny of experts. because thats what it is, its tyranny. it has been shown in history that makes peoples lives worse. because no one has enough knowledge or smart enough to run everybody elses lives. >> so this discussion will now have people thinking, aha, he likes rand paul. he las libertarian leanings. he w...