Foreign aid may stifle or even prevent poor countries from developing. Researchers increasingly challenge aid effectiveness in developing countries. In the August 22 edition of the Wall Street Journal senior fellow at the Center for Global Development, Arvind Subramanian, discusses aid effectivness and suggests that the pop-culture icons who advocate foreign aid may be harming more than helping.
From the article:
"When celebrities such as Angelina Jolie or Bono highlight human tragedy to show that something can be done to alleviate it, the heart melts and the purse strings loosen. But the stars, alas, aren't up on the economic literature. Research is increasingly questioning the benefits of foreign aid."
