Letter by Dr John Meadowcroft in The Independent
Aid often perpetuates these problems by propping up corrupt and incompetent governments and making the acquisition of political power the best route to secure wealth. If aid really did work then Ethiopia would now not be poorer than it was before it received large cash injections from Band Aid, Live Aid and Western governments.
Africa has all the resources it needs for development in its people and natural wealth; what it lacks is good governance to secure property rights and the rule of law so that its people can get on with building their own futures.
DR JOHN MEADOWCROFT
DEPUTY EDITORIAL DIRECTOR
INSTITUTE OF ECONOMIC AFFAIRS
IEA publications on development issues include
The Poverty of Development Economics by Deepak Lal, December 2003 edition of Economic Affairs on
Aid, Trade and Development edited by LSE economist Dr Razeen Sally as well as the recent June 2005 Economic Affairs on
Philanthropic Enterprise guest edited by Lenore T Ealy, Emergent Enterprises.
You may also wish to check the
Enterprise Africa! website and visit the
International Policy Network and
The Globalization Institute