Back to Search
Start Over
Growth, Poverty and Development Assistance: When Does Foreign Aid Work?
- Source :
- Global Policy; Sep2015, Vol. 6 Issue 3, p201-211, 11p
- Publication Year :
- 2015
-
Abstract
- This is a survey paper on aid effectiveness in terms of the contribution of development assistance to economic growth and poverty reduction. The article focuses primarily on the most recent generation of cross-country studies. It concludes that there is a set of broad areas where the evidence reviewed shows signs of convergence that have direct relevance for policy decisions on aid and for aid-effectiveness discussions. These areas are: aid levels (meaning if the level of aid is too low or too high); domestic political institutions (including political stability and the extent of decentralisation); the composition of aid (including sectors, modalities, objectives and time horizons); and the volatility and fragmentation of aid. We also identify two areas where there is little sign of convergence in the evidence: the importance or otherwise of 'good', meaning orthodox macroeconomic policies and whether grants are more effective than loans. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 17585880
- Volume :
- 6
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Global Policy
- Publication Type :
- Academic Journal
- Accession number :
- 109540281
- Full Text :
- https://doi.org/10.1111/1758-5899.12251