The Foreign Aid Business

Distinguishing between "aid" and "help" in development aid and finance, the authors discuss aid in the context of other North- South flows such as trade or debt service, and describe the role and evolution of aid during the Cold War. They address issues such as food aid, the EU's Lome cooperation, Japan's emergence as the largest donor and its specific aid philosophy, the often- neglected question of North-South aid, and the role of NGOs. New trends analyzed include political conditionality, the UNDP's proposal to reorient aid towards human development, and the question of aid diversion to the former communist countries. The authors conclude by proposing a series of reforms for development aid and finance. Annotation copyright by Book News, Inc., Portland, OR

Japan is now the biggest donor of Official Development Assistance (ODA) throughout the world. This study takes a new approach to this subject by focusing on the procedures, methodologies and business mechanisms at the implementation level that influence the process of policy-making in Tokyo. It is also the first study to explore the process of receiving aid, arguing that many of the recipient countries exert considerable influence over the distribution of Japanese foreign aid.

Provided for over 60 years, and expanding more rapidly today than it has for a generation, foreign aid is now a $100bn business. But does it work? Indeed, is it needed at all? In this first-ever, overall assessment of aid, Roger Riddell provides a rigorous but highly readable account of aid, warts and all.

5. Northern Lights: David Sogge

It would be fair to say that foreign aid today is one of the most important factors in international relations and in the national economy of many countries – as well as one of the most researched fields in economics. Although much has been written on the subject of foreign aid, this book contributes by taking stock of knowledge in the field, with chapters summarizing long-standing debates as well as the latest advances. Several contributions provide new analytical insights or empirical evidence on different aspects of aid, including how aid may be linked to trade and the motives for aid giving. As a whole, the book demonstrates how researchers have dealt with increasingly complex issues over time – both theoretical and empirical – on the allocation, impact, and efficacy of aid, with aid policies placed at the center of the discussion. In addition to students, academics, researchers, and policymakers involved in development economics and foreign aid, this Handbook will appeal to all those interested in development issues and international policies.

"First published in Great Britain in 1989 by Macmillan London Limited"--T.p. verso. Bibliography: p. 195-226.

4 Aid in Chains

Over the past twenty years more citizens in China and India have raised themselves out of poverty than anywhere else at any time in history. They accomplished this through the local business sector the leading source of prosperity for all rich countries. In most of Africa and other poor regions the business sector is weak, but foreign aid continues to fund government and NGOs. Switching aid to the local business sector in order to cultivate a middle class is the oldest, surest, and only way to eliminate poverty in poor countries. A bold fusion of ethics and smart business, The Aid Trap shows how the same energy, goodwill, and money that we devote to charity can help local business thrive. R. Glenn Hubbard and William Duggan, two leading scholars in business and finance, demonstrate that by diverting a major share of charitable aid into the local business sector of poor countries, citizens can take the lead in the growth of their own economies. Although the aid system supports noble goals, a local well-digging company cannot compete with a foreign charity that digs wells for free. By investing in that local company a sustainable system of development can take root.