This paper summarises research on aid allocation and effectiveness, highlighting the current findings of recent research on aid allocation to fragile states. Fragile states are defined by the donor community as those with either critically poor policies or poorly performing institutions, or...

It is clear from the implications of growth theory that the impact of aid depends on how it affects savings, investment and government behaviour. In respect of low-income countries, which are the principal aid recipients and the economies for which the issue of the impact of aid on growth is...

This paper looks at public sector debt in developing countries, being concerned specifically with the relationship between aid inflows and the public sector borrowing requirement net of aid loans. After examining the public sector budget constraint and various conditions under which aid might...

This paper surveys the various composite well-being indices that have been inter-country assessments over the last 40 or soy ears, including the well known Human Development Index (HDI). A number of issues are considered, including the choice of components, component weights, scale equivalence,...

The Millennium Development Goals (MDGs) have lofty expectations regarding the impact of official development aid. Are these expectations valid? This paper surveys the literature on aid and growth. It finds that practically all aid studies since the late 1990s conclude that aid increases economic...

Support for entrepreneurship is widely seen as a mechanism to facilitate prosperity and peace in a growing number of post-conflict states. In this paper they critically evaluate this view. They argue that entrepreneurship is a ubiquitous quality in post-conflict states but not necessarily always...

Poor governance and lack of state capabilities in around 45 countries pose a threat to global security and development. The involvement of the international community is required to help these states break out of their low development– high-conflict traps. Recent years have seen a number...