The Effectiveness of Foreign Aid

I keep meaning to read Jeffrey Sachs' The End of Poverty, William Easterly's White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill, and Paul Collier's The Bottom Billion: Why the Poorest Countries Are Failing and What Can Be Done About It. Or other books that address the issue of international poverty and foreign aid. But I still haven't gotten around to it.

I still find the question interesting, though. Is foreign aid effective?

This WSJ article comes down on the Easterly side of things (arguing no). Jury's still out!