This paper presents an overview of the economics of international aid, highlighting the historical literature and the contemporary debates. It reviews the “trade-theoretic” and the “contract-theoretic” analytical literature, and the empirical and institutional literature. It demonstrates...

Is generalized debt relief an effective development strategy, or should assistance be tailored to countries' characteristics? To answer this question, the authors build a simple model in which recipient governments reveal their creditworthiness if donors offer them to choose between aid and debt...

Ten years after the 2005 WTO Ministerial Conference agreed on a mandate to operationalise aid for trade, this paper assesses the achievements and challenges of the WTO-led Initiative. After outlining the achievements, the paper discusses where to put the emphasis, how to expand partnerships, how...