#112 Planet Money: A Marshall Plan For Africa

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Money makes the world go around, faster and faster every day. On NPR's Planet Money, you'll meet high rollers, brainy economists and regular folks -- all trying to make sense of our rapidly changing global economy.

Tue Nov 03 00:19:28 PST 2009

The world's governments have given a trillion dollars in aid developing nations since WWII, and yet in some countries, particularly in Africa, the economic situation is just as bad or worse than it's ever been. Columbia economist and former economic adviser to the Bush administration, Glenn Hubbard, says it's time to change the way we give aid to Africa. Hubbard, co-author of The Aid Trap: Hard Truths About Ending Poverty, advocates a modern day Marshall plan, which would give money directly...