Governments in hunger-stricken regions, especially Africa, would then submit national action plans that would provide details on how they would use the donor funds to get high-yield seeds, fertilizer, irrigation, farm tools, storage silos, and local advice to impoverished farmers. An independent expert panel would review the national plans to verify their scientific and managerial coherence. Assuming that a plan passes muster, the money to support it would quickly be disbursed. Afterward, each national program would be monitored, audited, and evaluated.Poor Hayek must be rolling in his grave. Sachs's "straightforward" prescription is full of information and incentive holes big enough to drive a truck through.
[I did NOT take anything out here. He REALLY does continue to say...]
This approach is straightforward, efficient, accountable, and scientifically sound.
Bottom Line: The best way to help farmers in developing countries (and the people they feed) is to protect property rights, improve markets and free trade. Yes, less government, more entrepreneurs!