November 10, 2008
The Financial Times quotes CGD research fellow Michael Clemens on the UN Millennium Villages project.
From the article:
"One critic of the project, Michael Clemens, a research fellow at the Center for Global Development in Washington, points to a similar donor-funded initiative - the Southwest Poverty Reduction Project in China between 1995-2000.
Within five years of subsidised inputs ending, the villages were no better off than those that had not benefited.
'What creates sustained growth and poverty reduction is the interaction of village economies with towns and the wider world economy - not pouring in vast amounts of resources to an isolated community,' he says."