Traditionally, there have been two strands in the analysis of poverty, inequality and development - a micro strand that focuses on individual behavior, welfare economics and the measurement of inequality and poverty, and a macro strand that analyzes economy-wide policies and the role of...

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...