Intro -- Contents -- Figures -- Tables -- Foreword -- Introduction -- 1 A Novus Mundus -- An Olympic effect -- Farewell to the old world -- Investments in the emerging countries -- Latin America and the Arab countries -- Latin America and Asia -- The new Latin American contagion -- Multilatinas...

Although there exists a vast literature on aid efficiency (the effect of aid on GDP), and that aid allocation determinants have been estimated, little is known about the minute details of aid allocation. This article investigates empirically a claim repeatedly made in the past that aid donors...