Paying the Price Why rich countries must invest now in a war on poverty (original) (raw)
Related papers
Foreign Aid in Developing Countries
Journal of Political Sciences & Public Affairs, 2015
Interpreted through the realist lenses, aid programmes of donor countries are assumed to be driven by donors' national-interest motivations, which are both political and economic [5,6]. The basic reason for this is that so long as states fear and suspect each other
Foreign Aid: Inconvenient Truths
2017
Achieving foreign aid’s well-advertised goals of equitable development remains elusive. That truth is inconvenient for those convinced of development aid’s positive potentials. But despite its failures, and the attacks it suffers, foreign aid keeps growing. Is this a case of hope triumphing over experience? Or is failure a useful pretext for keeping alive a large old, ineffective industry? Or are there interests at stake other than those of the world’s poor? This article probes another kind of inconvenient truth: in today’s world system, benefits largely flow from poor to rich, and that the development aid system colludes in redistributing wealth upward.
Rethinking Foreign Aid for Socio-Economic
African Renaissance, 2019
Foreign aid as a ratio to the Gross Domestic Income for Sub-Saharan (SSA) countries has been on the rise from an estimated 4% in 1970 to around 17-20% in 2013. However, the causality of foreign aid on economic development has been weak for SSA countries. The weak relationship between economic development and foreign aid is what motivates the pursuit of this study. The objective of this paper is to explore the nature of, and if there is a significant part, relationship on the puzzle of foreign aid and economic development in the SSA countries. The study uses a qualitative method employing literature to sift out themes that are of use in order to meet the objective. The findings of the study indicate that foreign aid has been increasing whilst there is no positive response from the economic development front for the aid receiving countries. Also the findings of our study indicate that foreign aid has caused corruption and inefficiency to increase in the aid receiving countries. Lastly, there are countries that have become aid dependent, in funding their budgets, again, and worsening inefficiency. Policy recommendations arising from the findings point mainly to two things. Sub-Saharan countries need to strongly adopt a zero-tolerance to corruption so that national resources are devoted to where they benefit the country at large. Secondly, the study recommends that Sub-Saharan countries need to shun aid and start to mobilise resources domestically so that The dependency syndrome can be dealt with
Foreign Aid in a Changing World
Vandana Desai and Robert B. Potter, eds. The Companion to Development Studies. Third Edition. London: Routledge, pp. 539-42., 2014
ABSTRACT I posited in this paper that debt instruments should be used to provide aid. The capital market remains a veritable source for economic development. Other financial instruments like loans and equity were preferred over grants. This paper also diagnosed bilateral and multilateral aid systems. It was observed that both systems are good depending on the nature of aid. The text established a case against the extension of aids to wealthy nations. Through extensive research, poor governance, bribery and corruption were x-rayed among aid recipients; hence, the doctrine of transparency, openness, accountability, equity and prudence were suggested. Development would be impossible if poor countries refuse to play their own part; thus, reasons to examine these roles thoroughly. The world is a global village. Hoarding of information must be discouraged. Countries’ open data and technological transformation would to a large extent boost aid administration.
The Quality of Foreign Aid: Country Selectivity or Donors Incentives?
Policy Research Working Papers, 2004
The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished.