Re: William Easterly on Africa
"I don't think the West is going to achieve the end of poverty in Africa, like Jeff Sachs does. I think Africans are going to achieve the end of poverty in a homegrown way."
Professor Easterly is absolutely right. Economic principles work in Africa just as well as they do everywhere else in the world. After decades of failed development policy, the West just needs to stop meddling and quietly encourage the institutions vital to a proper economy -- things like property rights, rule of law, and limited government. But if arrogant foreigners continue to charge into the third world with a feel-good "big push," at our side, we'll only continue to harm some of the most miserable people in the world.
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Image from the study.
Image by authors of the study.
The study's authors will keep working on this in the meantime.
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