Monday, December 27, 2010

Gates Grants - Five Years In

Interesting article in the New York Times (20/12/2010) regarding the Bill and Melinda Gates Foundation's attempt to fund the resolutions to the biggest problems in global health.

Seems that this article, and Mr. Gates' experience, reinforces what Easterly has been saying since 2006. Namely, that "planners" will throw excessive amounts of money at a problem with limited (but always disappointing) effects, while "seekers" achieve much more with less.

Kudos to Mr. Gates for admitting the error.