Development policy

Andreas Freytag and Moritz Wolf

Chapter 32 in Elgar Encyclopedia of Public Choice, 2025, pp 220-227 from Edward Elgar Publishing

Abstract: Vested interests and underlying narratives are important to understand the causes of dissatisfying results of development cooperation. Interests and narratives heavily shape the policies of the respective countries. Most of the narratives were used to disguise poor policies and shift the blame to others. Both vested interests and narratives are obstacles to efficient development policy and, in most cases, hinder economic integration, which is a crucial driver of development. We suggest an incentive structure that focuses on linking development assistance and economic integration to overcome both problems and allow for a higher rationality in development cooperation.

Keywords: Economic development; Vested interests; Narratives; Regional integration (search for similar items in EconPapers)
Date: 2025
ISBN: 9781802207743
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