Doubts about Aid

Keith Griffin
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Keith Griffin: Magdalen College

Chapter 9 in World Hunger and the World Economy, 1987, pp 235-254 from Palgrave Macmillan

Abstract: Abstract Liberal and progressive people have few doubts about foreign aid, or indeed about the beneficent role of foreign capital in general, of which, of course, aid is only one form.1 Most of the doubts, or at least the most outspoken criticisms, seem to come from the far right of the political spectrum,2 from people who question on philosophical grounds the case for an international redistribution of income and who argue on empirical grounds that aid in practice has strengthened the state relative to the private sector, has promoted central planning and weakened the market mechanism and, more often than not, has supported despotism rather than liberty.

Keywords: Foreign Capital; Capital Inflow; Central African Republic; Donor Country; Domestic Saving (search for similar items in EconPapers)
Date: 1987
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DOI: 10.1007/978-1-349-18739-3_9

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