In the 1990s, foreign direct investment began to swamp all other cross-border capital flows into developing countries. Does foreign direct investment support sound development? In particular, does it contribute to poverty reduction?

In the 1990s, foreign direct investment began to swamp all other cross-border capital flows into developing countries. Does foreign direct investment support sound development? In particular, does it contribute to poverty reduction?Foreign direct investment is a key ingredient of successful...

Private financial flows to developing countries, such as debt,equity, remittances, and private charitable giving, have increaseddramatically over the past 20 years. One commentator has eventrumpeted the privatization of foreign aid. Since privatecharitable giving remains small and developing...

Critics of the aid industry have accused it of acting like a cartel (Easterly 2002). The accusation has some bite-globally the industry remains somewhat concentrated, and for the typical recipient country, highly concentrated. Yet the most striking fact about the industry is how relentlessly...

This Note reviews trends in official development assistance, focusing on volumes, sources, forms, and recipients. Several patterns emerge. First, a long-term trend of official flows taking the form of hard loans rather than grants and soft loans, with low interest and long maturities, has been...

Intro -- Contents -- Cover -- Title -- Foreword vii -- Acknowledgments viii -- Abbreviations and Acronyms ix -- 1 The Private Sector and Poverty Reduction 1 -- 2 The Investment Climate 17 -- 3 Public Intervention to Promote Supply Response 71 -- 4 Private Participation and Markets for Basic...