Foreign aid allocation, governance, and economic growth
Kamiljon Akramov
No 72, Issue briefs from International Food Policy Research Institute (IFPRI)
Abstract:
Foreign aid to developing countries is a subject of heated debate among politicians, economists, and development specialists. Does aid promote economic growth and reduce poverty? Some argue that foreign aid has no effect on growth and may sometimes even undermine growth in aid recipient countries. Others suggest that foreign aid positively influences economic growth. Still others suggest that foreign aid has a positive impact on growth but this impact is conditional on a good institutional and policy environment. This debate has high stakes, given that foreign aid in the form of official development assistance (ODA) by leading donor nations reached over US$120 billion in 2010, the highest level ever recorded.
Keywords: Economic assistance; Economic development; Economic indicators; Foreign aid; Developing countries; evaluation; Economic conditions; Governance; economic growth; social behaviour (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:fpr:issbrf:72
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