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#112 Planet Money: A Marshall Plan For Africa

#112 Planet Money: A Marshall Plan For Africa

Planet Money vor 16 Jahren

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The world's governments have given a trillion dollars in aid developing nations since WWII, and yet in some countries, particularly in Africa, the economic situation is just as bad or worse than it's ever been.

Columbia economist and former economic adviser to the Bush administration, Glenn Hubbard, says it's time to change the way we give aid to Africa. Hubbard, co-author of The Aid Trap: Hard Truths About Ending Poverty, advocates a modern day Marshall plan, which would give money directly to local businesses instead of government.