Overcoming Stagnation in Aid-dependent Countries PDF Download
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Author: Nicolas Van de Walle
Publisher: Thomas Brothers Maps
ISBN: 9780881323795
Category : Business & Economics
Languages : en
Pages : 120
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Book Description
For 50 years, foreign aid has been the central policy instrument with which the international community has promoted economic development. The main justification for aid has always been that the poorest countries could not develop without it. But does Foreign aid work? This book argues that large new infusions of foreign aid will largely be wasted unless the current agenda of reform is pushed forward much more aggressively. It offers a concrete a set of proposals for the international community to promote economic development.
Author: Nicolas Van de Walle
Publisher: Thomas Brothers Maps
ISBN: 9780881323795
Category : Business & Economics
Languages : en
Pages : 120
Get Book Here
Book Description
For 50 years, foreign aid has been the central policy instrument with which the international community has promoted economic development. The main justification for aid has always been that the poorest countries could not develop without it. But does Foreign aid work? This book argues that large new infusions of foreign aid will largely be wasted unless the current agenda of reform is pushed forward much more aggressively. It offers a concrete a set of proposals for the international community to promote economic development.
Author: Dambisa Moyo
Publisher: Macmillan
ISBN: 0374139563
Category : Business & Economics
Languages : en
Pages : 209
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Book Description
Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries.
Author: Nicolas Van de Walle
Publisher: CGD Books
ISBN:
Category : Business & Economics
Languages : en
Pages : 136
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Book Description
In this book, Nicolas Van de Walle identifies 26 countries that are extremely poor and grew little if at all in the 1990s. His sample excludes North Korea and countries where civil war explains some of their failure to grow (Afghanistan, Sierra Leone, Sudan, Tajikistan and others). The 26 countries have limited infrastructure and human capital and the small size of their markets deter private savings and investment. Aid was meant to help overcome these problems, and these countries received a lot. Yet they have failed to grow. What is wrong? Is foreign aid a solution or part of the problem? What changes might make aid more effective? Given these countries require the financial and technical resources of the West, why haven't aid programs made a difference? Van de Walle blames their economic failure mostly on the venality and incompetence of their political leadership. He analyzes the contradictions and tensions faced by the aid community in poorly run countries, providing a sobering analysis of the perverse effects of aid where the politics is all wrong. Too often, resources provided by foreign aid keep the wrong government in office, and undermine adoption of economic as well as political reforms. Bad government combined with aid, in short, hurts poor countries - and particularly the poorest people in those countries. Despite good intentions, little progress has been made in implementing announced "reforms" of the aid business itself. A constituency for reform is lacking, in the donor countries and in the recipient countries, where those in power benefit from the status quo.
Author: Tyler Cowen
Publisher: Penguin
ISBN: 1101502258
Category : Business & Economics
Languages : en
Pages : 98
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Book Description
Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole.
Author: Mohammad A. Sattar
Publisher:
ISBN:
Category : Bangladesh
Languages : en
Pages : 170
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Book Description
Author: Satyajit Das
Publisher: Prometheus Books
ISBN: 163388158X
Category : Business & Economics
Languages : en
Pages : 350
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Book Description
The global economy is entering an era of protracted stagnation, similar to what Japan has experienced for over a decade. That is the message of this brilliant and controversial summary of our current economic predicament from an internationally respected consultant and commentator on financial markets, who predicted the Global Financial Crisis of 2008. The author challenges the assumption that growth can be perpetual and questions the ability of political leaders to enact the tough structural changes needed. He is particularly critical of the "easy money" approach to dealing with the great recession of 2008, citing the dangers of excessive debt and deep-seated fundamental imbalances. The fallout of these poor policies, he argues, will affect not only the business sector, but also the lifestyles and prosperity of average citizens and future generations. The author concludes with a thought experiment illustrating the large-scale changes that will be necessary to restore economic, financial, and social sustainability. This experiment has already been tried in Iceland, which went bankrupt in the wake of the 2008 crisis, and now, after a painful adjustment, is on the road to recovery. Written for the lay reader and peppered with witty anecdotes, this immensely readable book clearly explains the missteps that created the current dilemma, why a recovery has proved elusive, and the difficult remedies that must eventually be applied to ensure a stable future.
Author: Georg Sorensen
Publisher: Routledge
ISBN: 1135200904
Category : Business & Economics
Languages : en
Pages : 141
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Book Description
Political conditionality involves the linking of development aid to certain standards of observance of human rights and (liberal) democracy in recipient countries. Although this may seem to be an innocent policy, it has the potential to bring about a dramatic change in the basic principles of the international system: putting human rights first means putting respect for individuals and rights before respect for the sovereignty of states.
Author: Narayan Khadka
Publisher: Vikas Publishing House Private
ISBN:
Category : Business & Economics
Languages : en
Pages : 472
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Book Description
Author: Young Hoon Kwun
Publisher:
ISBN:
Category :
Languages : en
Pages : 348
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Book Description
Author:
Publisher: World Bank Publications
ISBN: 9780195211238
Category : Political Science
Languages : en
Pages : 164
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Book Description
Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.
