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Toward the Enhanced Effectiveness of Foreign Aid

At the very time that professional skepticism concerning the effectiveness of foreign aid has reached new heights, donors seem to be ready to substantially increase the volume of aid they are willing to make available. This paper attempts to address this paradox by first examining the record of aid in the past, distinguishing between crosscountry regressions and select country experience. It subsequently proceeds to propose the establishment of a new modus operandi for foreign aid, based on a much more passive, bankerlike posture by donors, leaving the initiative for defining what reforms are feasible, plus the establishment of self-conditionality, to third world recipients before they approach the international community of donors.
Publisher:
UNU-WIDER
Series:
WIDER Research Paper
Volume:
2007/42
Title:
Toward the Enhanced Effectiveness of Foreign Aid
Authors:
Gustav Ranis
Publication date:
July 2007
ISSN Web:
1810-2611
ISBN Web:
9291909858
ISBN 13 Web:
9789291909858
Copyright holder:
© UNU-WIDER
Copyright year:
2007
Keywords:
foreign aid, development
JEL:
O11, O19
Project:
Conference on 'Aid: Principles, Policies and Performance'
Sponsor:
UNU-WIDER gratefully acknowledges the financial contribution to the conference by the Finnish Ministry for Foreign Affairs.
Format:
online
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