Reinventing Foreign Aid

Reinventing Foreign Aid
Author: William R. Easterly
Publisher: MIT Press
Total Pages: 581
Release: 2008-05-09
Genre: Business & Economics
ISBN: 0262550660
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Top experts in the field discuss how to improve the effectiveness of foreign aid, proposing practical solutions to specific problems rather than a utopian master plan. The urgency of reducing poverty in the developing world has been the subject of a public campaign by such unlikely policy experts as George Clooney, Alicia Keyes, Elton John, Angelina Jolie, and Bono. And yet accompanying the call for more foreign aid is an almost universal discontent with the effectiveness of the existing aid system. In Reinventing Foreign Aid, development expert William Easterly has gathered top scholars in the field to discuss how to improve foreign aid. These authors, Easterly points out, are not claiming that their ideas will (to invoke a current slogan) Make Poverty History. Rather, they take on specific problems and propose some hard-headed solutions. Easterly himself, in an expansive and impassioned introductory chapter, makes a case for the “searchers”—who explore solutions by trial and error and learn from feedback—over the “planners”—who throw an endless supply of resources at a big goal—as the most likely to reduce poverty. Other writers look at scientific evaluation of aid projects (including randomized trials) and describe projects found to be cost-effective, including vaccine delivery and HIV education; consider how to deal with the government of the recipient state (work through it or bypass a possibly dysfunctional government?); examine the roles of the International Monetary Fund (a de-facto aid provider) and the World Bank; and analyze some new and innovative proposals for distributing aid. Contributors Abhijit Banerjee, Nancy Birdsall, Craig Burnside, Esther Duflo, Domenico Fanizza, William Easterly, Ruimin He, Kurt Hoffman, Stephen Knack, Michael Kremer, Mari Kuraishi, Ruth Levine, Bertin Martens, John McMillan, Edward Miguel, Jonathan Morduch, Todd Moss, Gunilla Pettersson, Lant Pritchett, Steven Radelet, Aminur Rahman, Ritva Reinikka, Jakob Svensson, Nicolas van de Walle, James Vreeland, Dennis Whittle, Michael Woolcock

Reinventing Foreign Aid

Reinventing Foreign Aid
Author: Independent Group on the Future of U.S. Development Cooperation in a New Democratic Era
Publisher:
Total Pages: 72
Release: 1992
Genre: Economic assistance, American
ISBN:
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Reinventing Foreign Aid for Inclusive and Sustainable Development

Reinventing Foreign Aid for Inclusive and Sustainable Development
Author: Simplice Asongu
Publisher:
Total Pages: 34
Release: 2016
Genre:
ISBN:
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This survey essay reviews over 200 papers in arguing that in order to achieve sustainable and inclusive development, foreign aid should not orient developing countries towards industrialisation in the perspective of Kuznets but in the view of Piketty. Abandoning the former's view that inequality will fall with progress in industrialisation and placing more emphasis on inequality in foreign aid policy will lead to more sustainable development outcomes including, inter alia: mitigate short-term poverty; address concerns of burgeoning population growth; train recipient governments on inclusive development; fight corruption and mismanagement and; avoid the shortfalls of celebrated Kuznets' conjectures. We discuss how the essay addresses post-2015 development challenges and provides foreign aid policy instruments with which discussed objectives can be achieved. In summary, the essay provides useful policy measures to avoid past pitfalls. 'Output may be growing, and yet the mass of the people may be becoming poorer' (Lewis, 1955). 'Lewis led all developing countries to water, proverbially speaking, some African countries have so far chosen not to drink' (Amavilah, 2014). Piketty (2014) has led all developing countries to the stream again and a challenging policy syndrome of our time is how foreign aid can help them to drink.

Reforming Foreign Aid - Reinvent the World Bank

Reforming Foreign Aid - Reinvent the World Bank
Author: Inder Sud
Publisher: Createspace Independent Publishing Platform
Total Pages: 240
Release: 2017-04-27
Genre: Economic assistance
ISBN: 9781544843728
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Foreign aid evokes much emotion. Proponents view it as a moral imperative and the instrument of the West for ending global poverty. The opponents see it as a waste of taxpayer funds. Still others see it as a potential tool to ensure security threatened by fragile or failing states. The World Bank, the single most important and influential source of foreign aid, has in the last 50 years made a nearly a trillion dollars in grants and soft loans to nearly every developing country. Has this aid made a difference? Moreover, is it still a relevant institution in the world of today, when many developing countries have successfully moved to the ranks of middle-income or even upper income countries? In Reforming Foreign Aid: Reinvent the World Bank, drawing on his own experiences over 40 years of work in international development, Inder Sud argues that aid has been successful in promoting development only in those few countries that have had the leadership committed to helping their people and who were able to utilize foreign aid to support their own, home-grown, national development agenda. Unfortunately, aid donors are driven increasingly by their own political compulsions, or pressures from their domestic constituencies, and end up pushing initiatives that detract from the country's priorities or are simply wasteful. Sud suggests that the World Bank, as the most significant and influential aid donor, can take a lead in setting a new path for delivering foreign aid effectively. First and foremost, Sud argues, that aid should only be channeled to countries that have the requisite national leadership with a track record of pursuing sound development policies and programs. The World Bank still has a role to play in supporting such countries provided it undertakes major reforms in its governance, modus operandus, instruments, and most importantly moving back to its roots of not being influenced by political imperatives of major donor countries, notably the United States.

Does Foreign Aid Really Work?

Does Foreign Aid Really Work?
Author: Roger C. Riddell
Publisher: OUP Oxford
Total Pages: 531
Release: 2008-08-07
Genre: Business & Economics
ISBN: 0191623180
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Foreign aid is now a $100bn business and is expanding more rapidly today than it has for a generation. But does it work? Indeed, is it needed at all? Other attempts to answer these important questions have been dominated by a focus on the impact of official aid provided by governments. But today possibly as much as 30 percent of aid is provided by Non-Governmental Organizations (NGOs), and over 10 percent is provided as emergency assistance. In this first-ever attempt to provide an overall assessment of aid, Roger Riddell presents a rigorous but highly readable account of aid, warts and all. Does Foreign Aid Really Work? sets out the evidence and exposes the instances where aid has failed and explains why. The book also examines the way that politics distorts aid, and disentangles the moral and ethical assumptions that lie behind the belief that aid does good. The book concludes by detailing the practical ways that aid needs to change if it is to be the effective force for good that its providers claim it is.

Foreign Aid, Its Defense and Reform

Foreign Aid, Its Defense and Reform
Author: Paul Mosley
Publisher: University Press of Kentucky
Total Pages: 286
Release: 1987
Genre: Political Science
ISBN: 9780813133010
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Foreign Aid and Foreign Policy

Foreign Aid and Foreign Policy
Author: Louis A. Picard
Publisher: Routledge
Total Pages: 432
Release: 2015-01-28
Genre: Business & Economics
ISBN: 1317470397
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This timely work presents cutting-edge analysis of the problems of U.S. foreign assistance programs - why these problems have not been solved in the past, and how they might be solved in the future. The book focuses primarily on U.S. foreign assistance and foreign policy as they apply to nation building, governance, and democratization. The expert contributors examine issues currently in play, and also trace the history and evolution of many of these problems over the years. They address policy concerns as well as management and organizational factors as they affect programs and policies. "Foreign Aid and Foreign Policy" includes several chapter-length case studies (on Iraq, Pakistan, Ghana, Haiti, and various countries in Eastern Europe and Africa), but the bulk of the book presents broad coverage of general topics such as foreign aid and security, NGOs and foreign aid, capacity building, and building democracy abroad. Each chapter offers recommendations on how to improve the U.S. system of aid in the context of foreign policy.

Foreign Aid

Foreign Aid
Author: Andrew A. Bealinger
Publisher: Nova Publishers
Total Pages: 130
Release: 2006
Genre: Business & Economics
ISBN: 9781600210679
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Foreign aid has long become a misnomer. It might properly be called 'foreign policy with funds'. Foreign aid packages have become tools to help reign in countries who disagree with this or that foreign policy, to allow leaders of those receiving countries to become privately wealthy and thus beholden to the donor country, and to stipulate that up to 40 per cent of the total 'aid' must be in the form of contracts to companies from the donor country who are often politically tied to the political administration of the donor country. This book provides the background information on important aspects of foreign aid.

Lessons on Foreign Aid and Economic Development

Lessons on Foreign Aid and Economic Development
Author: Nabamita Dutta
Publisher: Springer Nature
Total Pages: 302
Release: 2019-09-06
Genre: Business & Economics
ISBN: 3030221210
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A response to the pressing need to address and clarify the substantial ambiguity within current literature, this edited volume aims to deepen readers’ understanding of the impact of foreign aid on development outcomes based on the latest findings in research over the past decade. Foreign aid has long been seen as one of two extremes: either beneficial or damaging, a blessing or a curse. Consequently, many readers perceive aid’s effectiveness based on the work of scholars who are assessing the impact of aid from one of two antithetical perspectives. This book takes a different approach, shedding light on recent research that can deepen our understanding of the complex relationship between aid and its aftereffects. Drawing from an extensive set of studies that have explored micro and macro impacts of foreign aid for recipient nations, chapter authors highlight more layered and nuanced findings, with a focus on donor characteristics, political motives, and an evaluation of aid projects and their effectiveness, including the differential impact based on type of aid. This volume is the first of its kind to unpack aid as a complex rather than a unitary concept and explore the wide areas of grey that have long enshrouded foreign aid.

Foreign Aid for Development

Foreign Aid for Development
Author: George Mavrotas
Publisher: OUP Oxford
Total Pages: 394
Release: 2010-02-25
Genre: Business & Economics
ISBN: 0191610445
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Foreign aid is one of the few topics in the development discourse with such an uninterrupted, yet volatile history in terms of interest and attention from academics, policymakers, and practitioners alike. Does aid work in promoting growth and reducing poverty in the developing world? Will a new 'big push' approach accelerate progress towards the Millennium Development Goals or will another opportunity be missed? Can the lessons of almost half a century of aid giving be learnt? These are truly important questions in view of the emerging new landscape in foreign aid and recent developments related to the global financial crisis, which are expected to have far reaching implications for both donors and recipients engaged in this area. Against this shifting aid landscape, there is a pressing need to evaluate progress to date and shed new light on emerging issues and agendas. This volume brings together leading aid experts to review the progress achieved so far, identify the challenges ahead, and discuss the emerging policy agenda in foreign aid. A central conclusion of this important and timely volume is that, since development aid remains crucial for many developing countries, a huge effort is needed from both donors and aid recipients to overcome the inefficiencies and make aid work better for poor people. After all, as global citizens, we have a moral obligation to do the best we can to lift people out of poverty in the developing world. The findings of this book will be of considerable interest to professionals and policymakers engaged in policy reforms in foreign aid, and provide an essential one-stop reference for students of development, international finance, and economics.