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Overview
Even after half a century of work and much criticism, the driving importance of foreign aid shows no sign of abating. Widespread and acute poverty still ravages many countries of the world, and the understanding of how aid affects the economies of the recipient countries is still far from perfect. These two factors alone warrant the examination offered in this book.
The contents of this work try to bring together many strands of the literature, many of which are new and have a bearing on the subject of aid but which have as yet not found their way into the mainstream of the literature. This volume takes a broad survey and also provides a more specific treatment of elements of aid that have yet to be explored in the current literature.
This book can serve as both a reference work as well as a research monograph and should be of use for students, as well as for researchers and policy makers.
Synopsis
Akhand (U. of Regina) and Gupta (U. of Alberta) respond to two observations: there is still widespread belief that foreign aid can alleviate poverty, though a half-century of experience shows no sign of it doing so; even if foreign aid can lead to such desirable results, its impact on the economies of the recipient countries is far from understood. Concentrating on low income countries rather than the usual sampling of low and middle income countries, they examine a number of issues they find to have been addressed—if addressed at all—in unsatisfactory ways. Donor motives, exogenous shocks, and regime shifts are among them. Annotation (c)2003 Book News, Inc., Portland, OR