THE winner of the 2015 Nobel Prize in the field of economics, Angus Deaton, professor of Economics and International Affairs of the Woodrow Wilson School of Public and International Affairs, Princeton University, spent his career working on consumption, poverty and inequality.
Unfortunately, the world's rich countries currently are making things worse. Foreign aid – transfers from rich countries to poor countries – has much to its credit, particularly in terms of health care, with many people alive today who would otherwise be dead. But foreign aid also undermines the development of local state capacity.
THE winner of the 2015 Nobel Prize in the field of economics, Angus Deaton, professor of Economics and International Affairs of the Woodrow Wilson School of Public and International Affairs, Princeton University, spent his career working on consumption, poverty and inequality.
Unfortunately, the world's rich countries currently are making things worse. Foreign aid – transfers from rich countries to poor countries – has much to its credit, particularly in terms of health care, with many people alive today who would otherwise be dead. But foreign aid also undermines the development of local state capacity.
