The Millenium Development Goals, chosen on the grounds that they were realistic and achievable, are a commitment by global leaders to halve poverty and hunger, provide education for all, improve standards of health, halt the spread of major diseases such as HIV/AIDS, and slow down environmental degradation by 2015. A vital aim of these goals is that the poorest countries will have the finance needed to achieve them. To do this, rich countries have...

An attack on the tragic waste, futility, and hubris of the West's efforts to date to improve the lot of the so-called developing world, with constructive suggestions on how to move forward. Economist Easterly discusses the twin tragedies of global poverty: the first, that so many are seemingly fated to live miserable lives and die early deaths; the second, that after fifty years and more than $2.3 trillion in aid, we have shockingly little to show...