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Reinventing Foreign Aid

2008-05-09 Business & Economics
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Release : 2008-05-09
Genre : Business & Economics
Kind : eBook
Book Rating : 660/5 ( reviews)

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Book Synopsis Reinventing Foreign Aid by : William R. Easterly

Download or read book Reinventing Foreign Aid written by William R. Easterly. This book was released on 2008-05-09. Available in PDF, EPUB and Kindle. Book excerpt: Top experts in the field discuss how to improve the effectiveness of foreign aid, proposing practical solutions to specific problems rather than a utopian master plan. The urgency of reducing poverty in the developing world has been the subject of a public campaign by such unlikely policy experts as George Clooney, Alicia Keyes, Elton John, Angelina Jolie, and Bono. And yet accompanying the call for more foreign aid is an almost universal discontent with the effectiveness of the existing aid system. In Reinventing Foreign Aid, development expert William Easterly has gathered top scholars in the field to discuss how to improve foreign aid. These authors, Easterly points out, are not claiming that their ideas will (to invoke a current slogan) Make Poverty History. Rather, they take on specific problems and propose some hard-headed solutions. Easterly himself, in an expansive and impassioned introductory chapter, makes a case for the “searchers”—who explore solutions by trial and error and learn from feedback—over the “planners”—who throw an endless supply of resources at a big goal—as the most likely to reduce poverty. Other writers look at scientific evaluation of aid projects (including randomized trials) and describe projects found to be cost-effective, including vaccine delivery and HIV education; consider how to deal with the government of the recipient state (work through it or bypass a possibly dysfunctional government?); examine the roles of the International Monetary Fund (a de-facto aid provider) and the World Bank; and analyze some new and innovative proposals for distributing aid. Contributors Abhijit Banerjee, Nancy Birdsall, Craig Burnside, Esther Duflo, Domenico Fanizza, William Easterly, Ruimin He, Kurt Hoffman, Stephen Knack, Michael Kremer, Mari Kuraishi, Ruth Levine, Bertin Martens, John McMillan, Edward Miguel, Jonathan Morduch, Todd Moss, Gunilla Pettersson, Lant Pritchett, Steven Radelet, Aminur Rahman, Ritva Reinikka, Jakob Svensson, Nicolas van de Walle, James Vreeland, Dennis Whittle, Michael Woolcock

Reinventing Foreign Aid

1992 Economic assistance, American
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Release : 1992
Genre : Economic assistance, American
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Reinventing Foreign Aid by : Independent Group on the Future of U.S. Development Cooperation in a New Democratic Era

Download or read book Reinventing Foreign Aid written by Independent Group on the Future of U.S. Development Cooperation in a New Democratic Era. This book was released on 1992. Available in PDF, EPUB and Kindle. Book excerpt:

Reinventing Foreign Aid for Inclusive and Sustainable Development

2016
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Release : 2016
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Kind : eBook
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Book Synopsis Reinventing Foreign Aid for Inclusive and Sustainable Development by : Simplice Asongu

Download or read book Reinventing Foreign Aid for Inclusive and Sustainable Development written by Simplice Asongu. This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: This survey essay reviews over 200 papers in arguing that in order to achieve sustainable and inclusive development, foreign aid should not orient developing countries towards industrialisation in the perspective of Kuznets but in the view of Piketty. Abandoning the former's view that inequality will fall with progress in industrialisation and placing more emphasis on inequality in foreign aid policy will lead to more sustainable development outcomes including, inter alia: mitigate short-term poverty; address concerns of burgeoning population growth; train recipient governments on inclusive development; fight corruption and mismanagement and; avoid the shortfalls of celebrated Kuznets' conjectures. We discuss how the essay addresses post-2015 development challenges and provides foreign aid policy instruments with which discussed objectives can be achieved. In summary, the essay provides useful policy measures to avoid past pitfalls. 'Output may be growing, and yet the mass of the people may be becoming poorer' (Lewis, 1955). 'Lewis led all developing countries to water, proverbially speaking, some African countries have so far chosen not to drink' (Amavilah, 2014). Piketty (2014) has led all developing countries to the stream again and a challenging policy syndrome of our time is how foreign aid can help them to drink.

Reforming Foreign Aid - Reinvent the World Bank

2017-04-27 Economic assistance
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Release : 2017-04-27
Genre : Economic assistance
Kind : eBook
Book Rating : 728/5 ( reviews)

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Book Synopsis Reforming Foreign Aid - Reinvent the World Bank by : Inder Sud

Download or read book Reforming Foreign Aid - Reinvent the World Bank written by Inder Sud. This book was released on 2017-04-27. Available in PDF, EPUB and Kindle. Book excerpt: Foreign aid evokes much emotion. Proponents view it as a moral imperative and the instrument of the West for ending global poverty. The opponents see it as a waste of taxpayer funds. Still others see it as a potential tool to ensure security threatened by fragile or failing states. The World Bank, the single most important and influential source of foreign aid, has in the last 50 years made a nearly a trillion dollars in grants and soft loans to nearly every developing country. Has this aid made a difference? Moreover, is it still a relevant institution in the world of today, when many developing countries have successfully moved to the ranks of middle-income or even upper income countries? In Reforming Foreign Aid: Reinvent the World Bank, drawing on his own experiences over 40 years of work in international development, Inder Sud argues that aid has been successful in promoting development only in those few countries that have had the leadership committed to helping their people and who were able to utilize foreign aid to support their own, home-grown, national development agenda. Unfortunately, aid donors are driven increasingly by their own political compulsions, or pressures from their domestic constituencies, and end up pushing initiatives that detract from the country's priorities or are simply wasteful. Sud suggests that the World Bank, as the most significant and influential aid donor, can take a lead in setting a new path for delivering foreign aid effectively. First and foremost, Sud argues, that aid should only be channeled to countries that have the requisite national leadership with a track record of pursuing sound development policies and programs. The World Bank still has a role to play in supporting such countries provided it undertakes major reforms in its governance, modus operandus, instruments, and most importantly moving back to its roots of not being influenced by political imperatives of major donor countries, notably the United States.

Transforming Foreign Aid

2000 Business & Economics
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Release : 2000
Genre : Business & Economics
Kind : eBook
Book Rating : 910/5 ( reviews)

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Book Synopsis Transforming Foreign Aid by : Carol Lancaster

Download or read book Transforming Foreign Aid written by Carol Lancaster. This book was released on 2000. Available in PDF, EPUB and Kindle. Book excerpt: The phenomenon of foreign aid began at the end of World War II and has survived the Cold War. How should the United States now spend its foreign aid to support its interests and values in the new century? In this study, Carol Lancaster takes a fresh look at all US foreign aid programs and asks whether their purposes, organization and management are appropriate to US interests and values in the world of the 21st century. Lancaster finds that US aid in the new century, if it is to be an effective tool of US foreign policy, needs to be transformed. Its purposes need to be refocused and its organization and management brought into line with those purposes. Those purposes include support for peace-making, addressing transnational issues, providing for humane concerns and responding to humanitarian emergencies. Traditional programs aimed at promoting development, democracy and economic and political transitions in former socialist countries will not disappear but they will have less priority than inthe past. These new sets of purposes, promoting both US interests and values abroad, also offer a policy paradigm around which a new political consensus can be created that will support US aid in the 21st century.Transforming Foreign Aid should be of particular interest to professors, students, and researchers of international affairs, foreign policy, political science, and political economy.

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