WESTERN AID CRITIC GETS NOBEL PRIZE
Angus Deaton, an economist who has fiercely criticized western aid to the developing world, has been awarded the 2015 Nobel Prize in economics for his pioneering work measuring poverty around the globe.
Deaton has spent three decades of research analyzing living standards in the developing world. In his most recent book, The Great Escape, Deaton has argued that foreign aid from western governments has done more harm than good to developing nations.
“The idea that global poverty could be eliminated if only rich people or rich countries were to give more money to poor people or to poor countries, however appealing, is wrong,” he wrote in 2013.