Aid as a Second-Best Solution: Seven Problems of Effectiveness and How to Tackle Them

Richard Manning

No wp-2012-024, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Most rich countries developed without aid, and this 'self-development' has some intrinsic advantages. In today's massively unequal world, however, such an approach would imply very low levels of human development for several generations for many poor countries. Aid can therefore usefully be thought of as a necessary but 'second-best option'. The challenge then is how to manage this second-best option, particularly in the more aid-dependent states and the more fragile environments, in order to achieve sustainable results.

Keywords: Economic assistance and foreign aid; Economic development; Poverty; Sustainable development (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (9)

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