Does Aid Work?
Price:
$65.00 (06)Description
The controversy surrounding the effectiveness or counter-productivity of foreign aid is one of the great issues facing the world today. The first edition arose from a study conducted by the World Bank and the International Monetary Fund, concerning the effectiveness of aid. Now in this thoroughly revised and updated second edition, Robert Cassen incorporates the research and debate in this area since 1986. He has updated the text and tables, added a section to each chapter reviewing recent findings, and removed some of the highly technical parts of the text, making this edition accessible to a wider audience of students approaching the topic for the first time as well as specialists in development economics. The analysis reveals that most aid succeeds in terms of its own objectives and obtains a reasonable rate of return. At the same time, the report analyzes the failings of aid projects, compares these failings with other forms of private and public investment, and proposes measures for improving aid effectiveness.Reviews
Praise for the first edition: "This is a welcome volume which deserves a place on development economics reading lists, while it is also accessible to the general reader."--Economica
"Based on probably the most exhaustive study of aid ever undertaken....It will become the standard reference on the subject."--The Economist
"An easy-to-read, jargon-free, fairly comprehensive look at the effectiveness of aid."--New Society
"The aid specialist....will find many familiar thoughts sensibly expressed, backed with a volume of evidence that was not previously available."--Development and Change
"Comprehensive. ...essentially a specialist study, which usefully avoids the exaggerations of ideology which have often bedevilled the whole debate on aid."--Reconciliation Quarterly
About the Author(s)
Robert Cassen & Associates, Professor of the Economics of Development, Oxford University
