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Submitted by Birgit on

Thank you Shanta. Excellent post. It is so easy to forget for anyone, including us, our partners and Government counterparts that throwing money at a problem is not the solution. Yet it is so tempting and quickly demonstrates that leadership cares and is trying to do something: "Look, we increased education / health expenditure!". It proves again that with structural adjustment alone or macroeconomic stability, not much will change. Instead, we need to work on improving institutions and better understanding why the micro fundamentals of an economy do not work. And the best of the findings you posted: they do not only apply to developing countries, but also middle- and high-income countries. So we are all together in the same boat to search for better solutions.