“David Phillips makes a compelling case that international migration and remittances have vast potential to promote development in many of the world’s poor nations. By contrast, foreign aid – in its current form – is unlikely to lead to transformative changes in the developing world. His ideas are prescient. Development professionals should take note.”
—Dean Yang, Associate Professor, Department of Economics and the Gerald R. Ford School of Public Policy, University of Michigan
Having grown up in Malawi, Dr David Phillips had a unique vantage point to the limitations of foreign aid as an alien resource inherently unable to provide the necessary dynamism to propel the poorest countries out of poverty, and compromised by profound anomalies which subvert its own effectiveness. In his new book, ‘Development Without Aid: The Decline of Development Aid and the Rise of the Diaspora,’ Phillips reviews the nature foreign aid, surveying its history and taking a critical look at its effectiveness. He investigates reasons for its failure, new aid instruments that have been developed to improve aid effectiveness, and alternative routes out of poverty. The emergence of the diaspora as a quasi-indigenous economic and social force is of particular interest to the author and the book looks into how the path to growth could be helped along by these concentrations of economic power. He also provides an outline for an aid exit strategy for poor countries.
Read David Phillips’ guest post on this subject at the World Bank’s blog here:
The Decline of Development Aid and the Rise of the Diaspora?
Find more information here: http://www.anthempress.com/development-without-aid-pb