Aid has a positive impact on growth in developing countries with good fiscal, monetary, and trade policies. Aid appears not to affect policies systematically either for good or for ill. Any tendency for aid to reward good policies has been overwhelmed by donorseuml; pursuit of their own...

The globalization and international fragmentation of production is considered to be a driving force behind the high productivity of world leading industries. The expansion of the world market and the concurrent increase in trade and foreign investment promote the division of labor and expand the...

The link between foreign aid and economic growth remains a controversial issue in the literature, and a large share of the disagreement could be explained by differences in the data employed. Using GDP data from three different versions of the Penn World Table and the World Development...