The Welfare Economics of Foreign Aid

Murray Kemp and Shoichi Kojima

Chapter 15 in Issues in Contemporary Microeconomics and Welfare, 1985, pp 470-483 from Palgrave Macmillan

Abstract: Abstract It is part of received doctrine among specialists in the theory of international trade that unilateral transfers harm the donor country and benefit the recipient. In sharp contrast to that doctrine, it has been asserted by specialists in the theory of economic development that, frequently, foreign aid does more harm than good in the recipient country and operates to the advantage of exporters in the donor country.

Keywords: Welfare Economic; Private Consumption; Consumption Good; Recipient Country; Donor Country (search for similar items in EconPapers)
Date: 1985
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DOI: 10.1007/978-1-349-06876-0_15

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