Aid and Policy Preference in Oil-Rich Countries: Comparing Indonesia and Nigeria

Ahmad Helmy Fuady

No wp-2014-023, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper analyses the role of foreign aid to assist development in two oil-rich countries: Indonesia and Nigeria. This paper seeks to understand the way foreign aid provided assistance to transform Indonesia from a 'fragile' state in the 1960s into one of the 'Asian Tigers' in the mid-1990s, and why it did not prevent Nigeria from falling into 'African Tragedy'. This paper argues that foreign aid could help not only to finance development, but also to navigate policy makers' policy choices.

Keywords: Public debt; Economic assistance and foreign aid; Economic development; Natural resources (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2014-023

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