The Elusive Quest for Growth

Authors: William R. Easterly

Key Ideas

1. Economic development is a complex and elusive process that defies simple solutions. Easterly argues that there is no one-size-fits-all policy solution for promoting economic growth.

2. The importance of institutions in promoting economic growth. Easterly emphasizes the role of inclusive and accountable institutions in fostering development.

3. The failure of foreign aid to promote economic growth. Easterly critiques the approach of foreign aid organizations and argues that aid often fails to reach its intended recipients or produce sustainable results.

4. The detrimental effects of autho....
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Quiz

1. Which of the following best represents Easterly's view on foreign aid?

A. Foreign aid is a crucial tool for promoting sustainable economic growth.

B. Foreign aid often fails to produce sustainable results and reach the intended recipients.

C. Foreign aid should be increased to address global economic inequality.

D. Easterly does not express a view on foreign aid.

2. What does Easterly emphasize as a key factor for promoting economic growth?

A. Political stability

B. Technological innovation

C. Market-oriented approaches

D. Education

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