Going Beyond Averages

M.G. Quibria ()

World Economics, 2013, vol. 14, issue 1, 71-80

Abstract: One of the persistent, unresolved controversies of economic development is the effectiveness of development assistance – whether foreign aid contributes to economic development. This article argues that this controversy is largely an artefact of a methodology that focuses on the ‘averages' and pays inadequate attention to the specific characteristics of individual societies. For enhancing aid effectiveness, one needs to discard the one-size-fits-all approach, and adopt a more nuanced, tailor-made strategy based on a comprehensive understanding of specific countries.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:546

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