‘If you look at the bigger picture of change, aid has been close to irrelevant’

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Stefan Dercon, former UK government adviser, discusses his new book – and his belief that wealthy elites, rather than foreign cash, rescue countries from poverty

A former government economist has said that aid is “close to irrelevant” in solving the problems of developing countries.

Nations that achieved fast growth and declines in poverty, such as Bangladesh and Ghana, do so thanks to their own wealthy elites and not to outside help, argues Stefan Dercon.

Continue reading…Global development | The Guardian

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