COST EFFECTIVENESS OF FOREIGN AID PROGRAMS IN THE BALTICS

M van der Hoek and Yen Yee Chong

MPRA Paper from University Library of Munich, Germany

Abstract: After the upheavals in Central and Eastern Europe in the late 1980s and early 1990s, the Western world has given considerable aid to the fledgling democracies. In this paper we draw a summary from Baltic experience in the fields of educational programs, scientific and environmental programs, and commercial projects in banking, taxation and energy. We analyze the motivation and identify different possible effects of foreign aid. We signal possible inefficiencies arising from the lack of coordination of foreign aid, deal with possible waste as being a form of loss in cost-effectiveness, and address the policies followed by aid providing agencies. Finally, we suggest ways that can help to achieve cost effectiveness by assisting the donor and recipient in maximizing benefits gained and possibly reducing costs.

Keywords: Foreign aid; Baltic States (search for similar items in EconPapers)
JEL-codes: F3 (search for similar items in EconPapers)
Date: 1997-05
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Published in International Advances in Economic Research 2.3(1997): pp. 127-141

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Related works:
Journal Article: Cost-effectiveness of foreign aid programs in the baltics (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:5885

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