GS101 Lecture Notes - Lecture 10: Dambisa Moyo, Structural Adjustment, Suharto
Document Summary
Ernesto sirolli the first principle of aid should be respect. 2 trillion and aid given, 2 trillion debt owed by africa. Dambisa moyo; writer of dead aid: called aid an unmitigated disaster . Gov"t to gov"t western gov"t designed. Often lead to corruption, white elephant (show off projects) People often suffer from dams, large agricultural areas flood, farmers end up out of work. Good policy is supposed to lead to good growth. Goal of saps, create private sector growth. Reduced food subsidies, less investment in education, and healthcare imf riots . Bottom up pluralism: big projects and gov"t not the answer, but people in local areas small scale. Micro level focusing on each community. Microfinancing , loans given to poor so that people can have a livelihood, thereby escaping absolute poverty. Argument is that poor people create development by lifting themselves out of poverty. Some argue this does not deal with larger issues keeping people in poverty.
