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Friday, November 6, 2009

THE BERLIN WALL OF AID: WHEN WILL IT FALL? -- BY GLENN HUBBARD, The Wall Street Journal

Top-down economic development in Africa hasn't worked. Here's an alternative

On November 9, Germany and the world will celebrate the 20th anniversary of the fall of the Berlin Wall. The fall marked the end of Eastern Europe's failed system of state-run economic development. But systems of top-down economic development continue in most of the poor countries of the world, where aid donors continue to fund government development projects

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