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Planners versus Searchers in Foreign Aid. Asian Development Review, Vol. 23(2), pp. 1-35

dc.contributor.authorWilliam Easterly
dc.description.abstractOnly for the recipients of foreign aid is something akin to central planning seen as a way to achieve prosperity. The end of poverty is achieved with free markets and democracy—where decentralized “searchers” look for ways to meet individual needs—not Poverty Reduction Strategy Papers (PRSPs) to achieve Millennium Development Goals (MDGs). The PRSPs and MDGs create lots of bureaucracy but hold no one specific agency in foreign aid accountable for any one specific task. Planners in foreign aid use the old failed models of the past—the “Financing Gap”, the “poverty trap”, the government-to-government aid model; and the “expenditures = outcomes” mentality. Searchers in foreign aid would imitate the feedback and accountability of markets and democracy to provide goods and services to individuals until homegrown markets and democracy end poverty in the society as a whole. An example of the more promising “searchers” approach in foreign aid is 2006 Nobel Peace Laureate Mohammad Yunus and Grameen Bank.
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.titlePlanners versus Searchers in Foreign Aid. Asian Development Review, Vol. 23(2), pp. 1-35
dc.subject.adbFree market
dc.subject.adbAnti poverty
dc.subject.adbPoverty Alleviation
dc.subject.adbEconomic Development
dc.subject.adbForeign Aid
dc.subject.adbPoverty Reduction
dc.subject.adbPoverty Reduction Strategy
dc.title.seriesAsian Development Review
dc.title.volumeVolume 23, Number 2, pp. 1-35
dc.contributor.imprintAsian Development Bank
oar.authorEasterly, William

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  • Asian Development Review
    The Asian Development Review (ADR) is a professional journal for disseminating the results of economic and development research relevant to Asia and the Pacific. Since 1983, the ADR has been an important part of the history of the Asian Development Bank and its mission to reduce poverty across Asia and the Pacific.

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