William Russell Easterly Knihy

Argues that western foreign aid efforts have done little to stem global poverty, citing how such organizations as the International Monetary Fund and the World Bank are not held accountable for ineffective practices that the author believes intrude into the inner workings of other countries. By the author of The Elusive Quest for Growth. Reprint. 50,000 first printing.

The authors challenge the assumption that we can bring about economic development and promote liberal democracies through direct foreign intervention - whether economic or military intervention. The lead author, William Easterly, drawing on his wide experience at the World Bank and as an academic, is a renowned sceptic of intervention.

Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of institutional reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work.In this book Easterly shows how these solutions all violate the basic principle of economics, that people -- private individuals and businesses, government officials, even aid donors -- respond to incentives. Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed. Finally, he suggests alternative approaches to the problem. Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank.

A "bracingly iconoclastic" (New York Times) critique of global development that points a way toward respect for the poor and an end to global poverty Over the last century, global poverty has largely been viewed as a technical problem that requires the right "expert" solution. Yet all too often, experts fix immediate problems without addressing the systematic oppression that created them. In The Tyranny of Experts, renowned economist William Easterly argues that the expert-approved, authoritarian approach to development has not only made little lasting progress, but has proven a convenient rationale for generations of human rights violations. Although aid agencies, such as the World Bank and the Gates Foundation, are still regarded as both well-meaning and effective, they're founded on the mistaken belief that wise technocrats from the West will be the saviors of helpless victims from the rest. This revised edition comes at a time of even greater peril for freedom worldwide. Easterly brings in new research that carries his masterful critiques into the present. He reveals the fundamental errors inherent in the long-celebrated top-down approach and offers a new model for developing countries -- a model predicated on respect for the rights of poor people -- with the power to end global poverty.

Why economists' attempts to help poorer countries improve their economic well- being have failed.

Bracingly iconoclastic.... William Easterly weaves together a number of sophisticated arguments.-New York Times Book Review

Desde la Segunda Guerra Mundial, los economistas han buscado entender por qué los países pobres no alcanzan a los industrializados. El autor sostiene que el problema radica en no aplicar los principios económicos. Con un estilo accesible, el libro aborda la teoría del crecimiento económico desde una perspectiva práctica y comprometida.