Chapter

Towards the Enhanced Effectiveness of Foreign Aid

Gustav Ranis

in Foreign Aid for Development

Published in print February 2010 | ISBN: 9780199580934
Published online May 2010 | e-ISBN: 9780191723346 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199580934.003.0003

Series: WIDER Studies in Development Economics

Towards the Enhanced Effectiveness of Foreign Aid

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At the very time that professional scepticism 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 cross-country 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, banker-like 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.

Keywords: foreign aid; development

Chapter.  2629 words. 

Subjects: Economic Development and Growth

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