Blog Post Outlines Reasons Why Foreign Aid ‘Dying Industry,’ Finance Important To Development’s Future

Brookings Institution’s “Future Development”: The end of aid
Indermit Gill, director of the Duke Center for International Development at the Duke University Sanford School of Public Policy, discusses the reasons why he feels “foreign aid is a dying industry,” noting he thinks “international aid will end before extreme poverty is eradicated”; “aid flows to Africa have already peaked”; and “development’s future is finance, not foreign aid.” The “blog post is the fourth of a four-part series about the year ahead in economic development, including topics on improving capitalism, the future of mobility, and global growth forecasts” (1/19).