The effects of development aid have been extensively discussed, and the extent to which aid has been effective in achieving its goals is widely disputed. At the same time, several studies and theorists point towards the unintended and potentially negative effects of aid. This working paper gives...

For many years, there has been a tendency to measure aid effectiveness primarily in terms of economic growth. Recently, though, there is also a growing awareness of the fact that measuring development and the quality of life solely from a growth perspective is inadequate. The most significant...