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.
From reviews of 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
`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 study ... essentially a specialist study, which usefully avoids the exaggerations of ideology which have often bedevilled the whole debate on aid.'
`well balanced, impartial and objective' Economic Journal
`This book is a valuable contribution to the literature and should help to improve the quality of aid.' International Agricultural Development
`the most comprehensive assessment of the work of the largest agencies ever published ... it should change the language of debate' Times Education Supplement
`based on probably the most exhaustive study of aid ever undertaken ... their book will become the standard reference on the subject' Economist
`the report will stand as a sensible and realistic examination of a difficult subject ... it represents a useful picture of the functioning of the aid business' New Scientist
`A very good representation of the underlying theories involved backed by impressive case studies.'
Bob Milward, University of Central Lancashire
`A welcome update to a core text on the effectiveness of aid.'
Dr A. Hall, London School of Economics
`Excellent text on the economic impact of aid in LDC economies.'
Arabsheibani, University of London
`The book gives a comprehensive overview of the various aspects related to aid ... wide range of issues dealt with in detail, and collected in a book which is eminently readable.'
The Macroeconomic Contribution of Aid
Aid and Poverty
Performance and Evaluation: Project, Programme, and Food Aid
The Systemic Effects of Aid and the Role of Co-ordination
Aid and Market Forces
Summary: Conclusions and Recommendations
Series: Library of Political Economy
Number Of Pages: 334
Published: 23rd June 1994
Publisher: Oxford University Press
Country of Publication: GB
Dimensions (cm): 23.4 x 11.5
Weight (kg): 0.54
Edition Number: 2
Edition Type: Revised