Page 7 - William Easterly News Today

City Talk

Garett Jones is associate professor of economics at George Mason University and author of The Culture Transplant: How Migrants Make the Economies They Move To a Lot Like the Ones They Left. City Journal associate editor Daniel Kennelly spoke with him about the book. This book takes a clear-eyed look at popular ideas about immigration […]

Encouraging development has been on the agenda of the United Nations for decades. Pointing to the United Nations Charter, which expresses the determination to “promote social progress and better standards of life in larger freedom,” the General Assembly has adopted numerous resolutions focused on development and instructing the organization to promote higher standards of living and other development related objectives highlighted in Article 55 of the Charter.

Power politics have divided the society, institutions, ruling political elites, and the people on a scale rarely witnessed before.

Climate change will radically alter how poor countries pursue economic development—with ramifications for national development strategies, the field of global development, and the shape of international security.

Developed countries can assist development by encouraging good policy and opening their markets to developing country products, but success in development ultimately depends on developingcountries' adopting and implementing policies that promote economicfreedom, good governance, and the rule of law, which are the key toeconomic growth and development with or without foreign assistance.

The international community frequently demands that wealthy nationsincrease their development assistance to poor nations. The UnitedStates will provide additional assistance, but President Bush isalso prudently pursuing a system that measures the effectiveness ofaid.

President Biden has agreed to pay climate reparations to third world countries, many of them run by corrupt dictators who siphon off foreign aid for their own benefit.

Developing countries have long been told to avoid borrowing from central banks (CBs) to finance government spending. Many have even legislated against CB financing of fiscal expenditure.Central b

TheWhiteMan'sBurden:WhytheWest'sEffortstoAidtheRestHaveDoneSoMuchIllandSoLittleGood...