Aid has worked in the past but can be made to work better in the future. In this important new book, leading economists and political scientists, including experienced aid practitioners, re-examine foreign aid. The evolution of development doctrine over the past fifty years is critically...

Foreign aid is one of the few topics in the development discourse with such an uninterrupted, yet volatile history in terms of interest and attention from academics, policymakers, and practitioners alike. Does aid work in promoting growth and reducing poverty in the developing world? Will a new...

This paper examines the relationship between foreign aid and growth in real GDP per capita as it emerges from simple augmentations of popular cross-country growth specifications. It is shown that aid in all likelihood increases the growth rate, and this result is not conditional on ‘good'...

Foreign aid has undergone many fundamental shifts since the middle of the last century. During the 1960s and 1970s, the international development community added a multilateral agenda of development goals, institutions, and procedures to traditional bilateralism. Thinking about development...

There is a widespread perception among academic researchers and aid practitioners alike that empirical cross-country analysis fails to find any significant link between aid flows and growth, and that aid is successful only when associated with good policies in the recipient countries. These...

Studies of aid effectiveness abound in the literature, often with opposing conclusions. Since most time-series studies use data from the exact same publicly available data bases, our claim here is that such differences in results must be due to the use of different econometric models and...

Some recent literature in the meta-analysis category where results from a range of studies are brought together throws doubt on the ability of foreign aid to foster economic growth and development. This paper assesses what meta-analysis has to say about the effectiveness of foreign aid in terms...

This is the first in a series of articles that Angle will be running before and after the 4th High Level Forum on Aid Effectiveness in Busan, organized by the Republic of Korea and the OECD (29 November to 1 December 2011). These articles include some of the results now emerging from UNU-WIDER's...

A recent study of 36 sub-Saharan African countries found a positive impact of aid in the absolute majority of these countries. However, for Tanzania and Ghana, two major aid recipients, aid did not seem to have been equally beneficial. This paper singles out these two countries for a more...

To continue its economic growth and create new and better livelihoods, Africa must transform the productive side of its economy. Ongoing globalization — in trade, finance, and technology — opens up new possibilities for structural transformation, but also new risks as Africa's integration...