The Political Economy of Foreign Aid: Fatigue or Regeneration?

Abstract

Since the early 1990s there has been a pronounced fall in the real amount of foreign aid provided by donors for developing countries. Over the same period, while progress has been made in some parts of the developing world, Africa, a region which has relied heavily on aid flows, has witnessed little if any reduction in poverty. Indeed, the number of people living in poverty world-wide is likely to rise in the remaining years of the twentieth century. On the face of it aid is being withdrawn when it is still desperately needed.

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