William Easterly Quotes


Development donors ... put a positive spin on awful recipient governments by asserting that while things are bad, they are getting better.


Context

The minute improvements taken together over time has almost always produced little or no significant or meaningful improvements. Much and often most of the donor money gets squandered on corruption, PR, and incompetence of recipient governments.


Citations

William Easterly, Economist and Writer, Co-Director, NYU Development Research Institute, The White Man's Burden, 2006

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Related Quotes

The relationship of population increase economic growth is a critical one. If an underdeveloped country manages to have a 3% annual economic growth rate and also has a 3.2% population growth, at the end of the year, the average person is actually poorer than he was the previous year. South Korea, China, Thailand and India implemented successful population control and family planning programs before they were able to take advantage of economic development. To modernize, the country must be able to have a surplus of funds which can be invested in roads, schools, hospitals, and other facilities which can produce even more growth later. Too many new mouths to feed, clothe and care for can be a barrier to development even if the economy is reasonably good.


William Easterly
William Easterly
  • Born: September 7, 1957
  • Nationality: American
  • Profession:

William Russell Easterly is an American economist, specializing in economic development. He is a Professor of Economics at New York University, joint with Africa House, and Co-Director of NYU’s Development Research Institute. He is a Research Associate of NBER, senior fellow at the Bureau for Research and Economic Analysis of Development (BREAD) of Duke University, and a nonresident senior fellow at the Brookings Institution in Washington DC. Easterly is an associate editor of the Journal of Economic Growth.