IMO, I think the main reasons aid has been ineffective is the particular ways it has been given. It often a) empowers dictators or b) reduces profit opportunities for for African farmers and food distributors which reduces their incentive to invest in improving their farming or other businesses.
In my opinion, it would be easy to make sending money somewhat helpful. But even if I’m right, somewhat helpful is far from maximally helpful.
Something like the Grameen Bank would probably be the best bet. If there’s room for economic growth but no capital to power it, then making microcredit available seems like the obvious choice.
IMO, I think the main reasons aid has been ineffective is the particular ways it has been given. It often a) empowers dictators or b) reduces profit opportunities for for African farmers and food distributors which reduces their incentive to invest in improving their farming or other businesses.
In my opinion, it would be easy to make sending money somewhat helpful. But even if I’m right, somewhat helpful is far from maximally helpful.
Something like the Grameen Bank would probably be the best bet. If there’s room for economic growth but no capital to power it, then making microcredit available seems like the obvious choice.