Aid and institutions

According to Iqbal Quadir in the Wall Street Journal Aid empowers bureaucracies, promotes statism, and weakens government incentives to boost tax revenues through growth. Economic assets are often kept in the hands of the state, leading to monopolies, stagnation and extortion. All of this hurts entrepreneurs, who have the potential Read more…

Don’t read this, read….

Ngaire Woods on what Africa needs from the G20 Bill Easterly’s new AidWatch blog The Global Crisis Debate in the run up to the G20 (moderated by Dani Rodrik) Simon Maxwell’s reflections on Davos

Good sentences

From John Naughton: The most satisfactory sight yesterday was that of Dick Cheney, looking for all the world like Dr Strangelove, being wheeled off the scene in a wheelchair. The only problem is that he was then helped into a limousine rather than a police van.

The Addis Ababa market

Andrew Mueller in this weekend’s FT writes about the Merkato, Addis Ababa’s market district To wander (and flinch, and wince, and boggle, and marvel) within its limits is to acquire the quickest and most bracing imaginable appreciation of Africa’s industry, its possibility, its genius for improvisation, its insuperable will, despite Read more…