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The traditional aid-to-investment-to growth linkages are not very robust, especially for African economies. Aid does not necessarily finance investment and investment does not necessarily promote growth. Differences in economic policy, on the other hand, can explain much of the difference in...
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, and money.Dollar and Easterly's study of aid, investment, and policies in Africa leads them to four principal conclusions … Africa's poor record.deg; Foreign aid cannot easily promote lasting policy reform in countries where there is no strong … investment, good policies, and foreign aid is quite powerful.Where do we stand in the search for the key to growth in Africa …
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