Munk Debates: Paul Collier's closing arguments (12 of 15)
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This video is a response to Munk Debates: Dambisa Moyo's closing arguments (11 of 15)
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He's effectively missing the point. Trying to parallel the situation in Africa today, and Europe in the 1940's is completely flawed and dubious. Throwing aid money at Africa is not the right approach because there is no system for it to work within. Things like property rights and micro credit would help to create some form of responsible government. Then foreign aid would be much better suited to work well because there would be a new system (of government and a market) for aid to work in.
skovgaardbe 1 year ago
He's right when he says the quality of aid is dependent on the quality of the citizens voting for it (albeit indirectly). The issue then, is how do we incentivize good policies?! This problem faces every aspect of our political system.
His views would likely be very different if he studied public choice theory.
RickW05 1 year ago
Oh so outsiders should discipline the indisciplined African Leaders? Only the people that are governed can do that!
lee2575 2 years ago
He is simply talking shit!
keyse091 2 years ago
Mr. Collier obviously did not read Dead Aid objectively if at all.
Craigvadams 2 years ago
Well, I don't think you can compare aid to Europe in the post-war reconstruction with aid to Africa. You have to take into account the European institutions: although it was politically and economically very weak at that time, the institutions of private property and the basis of capitalism were already there, so it is completely different from the case of Africa. See Chris Coyne's book AFTER WAR
MartinFarrows 2 years ago