This paper argues that the most important question regarding the efficacy of development assistance is not how much but rather for what. Economic integration and subsidiarity provides the conditions necessary for ODA to produce higher rates of economic growth on a sustained basis.

The effect of financial openness on economic integration for two clusters of countries is estimated: the formerly planned economies of Eastern Europe and central Asia (emerging market economies) and some western advanced economies. We focus on two dimensions of economic integration: convergence...

The impact of the dependence on primary commodities for economic development is analysed within the framework of growth regressions. While there is no evidence of a generalized primary commodity curse, reliance on primary commodities does retard growth in sub-Saharan Africa (SSA). Which factors...