FOREIGN AID AND DEVELOPMENT: WHAT CAN DEVELOPING NATIONS LEARN

Abstract

In the wake of the Arab spring revolutions voices within that region started to question foreign aid. While the loud voices are clear in the media, none provided a scientific rational of the effect of aid. This paper reviews the recent findings on the relationship between foreign aid and development. Findings indicate that despite conflicting empirical results on the nature of relationship that exists between aid and growth, foreign aid can achieve some development goals in absence of corruption, with good governance present in the recipient country, with the presence of sound economic policy and institutions. Findings also indicate that aid’s impact may be larger the more donors coordinate among themselves. In addition, aid in the form of technical assistance can at times be of larger impact.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 4 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.