Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26979 
Authors: 
Year of Publication: 
2006
Series/Report no.: 
Center Discussion Paper No. 938
Publisher: 
Yale University, Economic Growth Center, New Haven, CT
Abstract: 
At the very time that professional skepticism concerning the effectiveness of foreign aid has reached new heights, donors seem to be ready to substantially increase the volume of aid they are willing to make available. This paper attempts to address this paradox by first examining the record of aid in the past, distinguishing between cross-country regressions and select country experience. It subsequently proceeds to propose the establishment of a new modus operandi for foreign aid, based on a much more passive, bankerlike posture by donors, leaving the initiative for defining what reforms are feasible, plus the establishment of selfconditionality, to third world recipients before they approach the international community of donors.
Subjects: 
Foreign aid
development
JEL: 
O11
O19
Document Type: 
Working Paper

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