Effective Foreign Aid, Economic Integration and Subsidiarity: Lessons from Europe

Abdur Chowdhury () and Paolo Garonna

No 346, CASE Network Studies and Analyses from CASE-Center for Social and Economic Research

Abstract: The paper shows that the question that is relevant for the debate on the efficacy of development assistance is not so much as an issue of how much, but rather for what. In view of the growing awareness of ODA’s inefficiency in achieving intended aims, this paper proposes an alternative approach to development assistance policies – economic integration and subsidiarity provides the conditions necessary for ODA to produce higher rates of economic growth on a sustainable basis. Europe is an excellent case in point, in this context. Europe has in the last decades experienced a number of success stories in moving out of poverty and onto sustainable economic growth. The secret of success has been the push towards economic integration, and the adoption of economic reforms at the local, national, and regional level conducive to economic growth. The recipient countries of development assistance have much to learn from the European experience.

Keywords: foreign aid; economic integration; subsidiarity (search for similar items in EconPapers)
Pages: 31 Pages
Date: 2007
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Effective Foreign Aid, Economic Integration and Subsidiarity: Lessons from Europe (2008)
Working Paper: Effective Foreign Aid, Economic Integration and Subsidiarity: Lessons from Europe (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:sec:cnstan:0346

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