Aid worldwide runs at more than $120 billion per year (World Bank 2011a), yet there is very little correlation between this expenditure and the often stated goal of poverty reduction. The failures of aid are legion. Yet this ‘development assistance’ has become a massive and semi-permanent global industry which in western countries is often erroneously equated with ‘development’. Nothing could be further from the truth. Aid programs, despite the stated good intentions, certain deserve some critical scrutiny.

2012 Aid: Is it worth it? PDF

Paper prepared for Communicating New Research on Timor Leste Conference, 2012