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Poverty

Fighting Poverty with Profit

James Joyner | December 19, 2008
Jeffrey Sachs Earth Institute Photo

Alan Wood argues that it's time to rethink how we fight poverty in the developing world, shifting from aid to profit-based approaches. 

Quite a while ago, trade and development economist Peter Bauer (1915-2002) of the London School of Economics famously remarked that aid was a transfer of wealth from poor people in rich countries to rich people in poor countries.

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