Foreign aid, mostly from industrialized countries to developing countries, has been going on for 50 years, and some Third World countries depend on it to a remarkable extent. Though its purpose is ostensibly selfless and benign, as this introduction to the difficult issues surrounding aid show, it is the focus of considerable controversy. Aid is an issue of great concern, both financially and morally. This book suggests ways in which aid can be made less of a problem, and more of a solution.
A superb criticism of foreign aid that underlines foreign aid and its institutions as vehicles of foreign policy couched against the doctrine of market fundamentalism, which has driven the aid regime since 1980 such that the aid system and industry has played a major role in coercively re-engineering of economic and political life in lower-income countries according to market fundamentalism
The failures of the conventional aid system are well-highlighted in the book with numerous well researched examples and the book offers different and effective modes of solidarity as a viable pursuit in place of foreign aid. These would be girded by the ethical principles of non-deception, non-coercion, doing no harm, liability for damage, and obligations to respect capacities and promote talents; all severely lacking in the conventional aid system. Then following a public action approach (Dreze and Sen), focal points for the overhaul of the aid system would include: financial disarmament; good governance for donors; transformation of the IFIs; move towards bloc transfers; redistribution downwards, not upwards
Essential reading for anyone working in or interested in the foreign aid