'The Aid Trap' proposal

Forbes reports on The Aid Trap by R. Glenn Hubbard & William Duggan:

In The Aid Trap,Hubbard and Duggan argue that the answer has been under our noses since the end of World War II. They propose that the U.S. government make direct loans to businesses and then direct the repayments of principal to host governments for use in building roads, electric grids, schools and the like. This was how the Marshall Plan rebuilt Europe after the war.