| The Lords of Poverty: The Power, Prestige, and Corruption of the International Aid Business Contributor(s): Hancock, Graham (Author) |
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ISBN: 0871134691 ISBN-13: 9780871134691 Publisher: Atlantic Monthly Press OUR PRICE: $14.36 Product Type: Paperback - Other Formats Published: January 1994 Annotation: A comprehensive and controversial study of the 60-billion-dollar-a-year world foreign-aid business, Lords of Poverty was a bestseller in hardcover and earned the 1990 H.L. Mencken Award honorable mention for an outstanding book of journalism. Hancock investigates why huge aid projects often fail and demands a response from those in the industry. |
| Additional Information |
| BISAC Categories: - Business & Economics | Development - Economic Development - Political Science | Public Policy - Cultural Policy - Political Science | Public Policy - Economic Policy |
| Dewey: 338.910 |
| LCCN: 89006893 |
| Physical Information: 0.72" H x 5.2" W x 8.52" (0.50 lbs) 256 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Each year some sixty billion dollars are spent on foreign aid throughout the world. Whether in donations to charities such as Save the Children, Oxfam, CARE, UNICEF, or the Red Cross, in the form of enormous loans from the World Bank, or as direct payments from one government to another, the money is earmarked for the needy, for relief in natural disasters--floods or famines, earthquakes, or droughts--and for assistance in the development of nations. The magnitude of generosity from the world's wealthy nations suggests the possibility of easing, if not eliminating, hunger, misery, and poverty; in truth, however, only a small portion of this sixty billion dollars is ever translated into direct assistance. Thanks to bureaucratic inefficiency, misguided policies, large executive salaries, political corruption, and the self-perpetuating "overhead" of the administrative agencies, much of this tremendous wealth is frittered away, as Graham Hancock's alarming and comprehensive book reveals. Hancock cuts through the smoke screens and hot air of the "aristocracy of mercy" to provide a critical look at a multinational business that has never been subject to strict accountability. Lords of Poverty is a case study in betrayals of a public trust. The shortcomings of aid are numerous, and serious enough to raise questions about the viability of the practice at its most fundamental levels. Hancock's report is thorough, deeply shocking, and certain to cause critical reevaluation--of the government's motives in giving foreign aid, and of the true needs of our intended beneficiaries. |