nobelwinning economist deatons controversial aid ideas
Last Updated : GMT 22:29:39
Arab Today, arab today
Arab Today, arab today

Nobel-winning economist Deaton's controversial aid ideas

Arab Today, arab today

Arab Today, arab today Nobel-winning economist Deaton's controversial aid ideas

US-British microeconomist Angus Deaton
Stockholm - AFP

New Nobel economics laureate Angus Deaton is an optimist about economic progress but his theory that poor countries' development could be accelerated by cutting international aid has triggered controversy.

In his 2013 book "The Great Escape: Health, Wealth and the Origins of Inequality", Deaton, a professor at Princeton University in the US, charts how human welfare has risen enormously over time.

But he also says Western countries are wasting money trying to put poor countries on the same path of development they followed themselves.

He writes extensively about improvements in living conditions and wellbeing since the 18th century, and says it is necessary to separate these from the accumulation of wealth and the increase in the level of economic activity -- which is the ultimate aim of aid.

This approach led Deaton to become part of the "Stiglitz commission" set up by the then-French president Nicolas Sarkozy in 2008 to find alternative measures of economic progress to GDP.

"You cannot talk about consumption and poverty in a serious way without mentioning him," Philippe Aghion, economist and professor at the College of France, told AFP, adding that Deaton's Nobel is "absolutely deserved".
But Deaton's ideas on aid remain highly controversial. He argues that health, in particular the fight against malnutrition, should take precedence above all else.

Improving the health of people in developing countries could be done more cheaply by financing research into diseases or distributing vaccines and food rations directly to the population, he argues.

"If assistance is geared towards encouraging economic growth, but increasing income still does not lead to noticeably increased calorie intake, there is an argument for reorienting assistance towards direct food aid," the Royal Swedish Academy of Sciences said in its citation.

- 'Big progress' in west Africa -

One major critic of Deaton's theory is Bill Gates, the billionaire Microsoft founder and philanthropist. He has said he admires Deaton but finds his aid argument "very weak" and "strange".
"Deaton and other aid critics look at, say, aid that was designed to prop up some American industry, see that it didn't raise GDP in poor countries, and conclude that aid must be a failure," Gates said on his blog.

Charles Kenny, an expert at the Center for Global Development, a Washington thinktank, makes the same criticism.

"There is evidence that even in poorly governed assistance-dependent countries, aid can sometimes help build basic health systems," Kenny wrote in a review of "The Great Escape".

Duncan Green, a senior advisor at anti-poverty campaign group Oxfam, said Deaton "throws the baby out with the bathwater". The idea that aid promotes corruption more than democracy "might be true in some instances, but by no means justifies, as Deaton suggests, the elimination of all aid forms," Green said.

Deaton has given the example of west Africa to defend his theory, pointing out that over the long term, the region saw major health improvements despite little economic growth.

"People say to me sometimes when I've talked about the book, if I would give you $5 billion to help poor people in the world, would you just burn it? And I say, no, I wouldn't," Deaton said.

"If I am Washington... I'd start a whole new national institute of health within the system which would look at diseases like tuberculosis, malaria and so on."

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nobelwinning economist deatons controversial aid ideas nobelwinning economist deatons controversial aid ideas

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nobelwinning economist deatons controversial aid ideas nobelwinning economist deatons controversial aid ideas

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday