Exploring the failure of foreign aid: The role of incentives and information

Exploring the failure of foreign aid: The role of incentives and information The stated purpose of foreign aid is to promote economic and human development. Recently, the ability of foreign aid to achieve its goals is called into question. Widespread conceptual and empirical literature suggests that foreign aid is ineffective. This paper explores the failure of foreign aid relying on the role of both incentives and information. The success of aid depends on incentives faced by all parties in donor and recipient countries. In addition, both donors and recipients must obtain the necessary information to actually target and achieve desired goals. This analysis provides a double-edged sword to explain why foreign aid fails to achieve development goals. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Exploring the failure of foreign aid: The role of incentives and information

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Publisher
Springer US
Copyright
Copyright © 2009 by Springer Science+Business Media, LLC
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-009-0091-7
Publisher site
See Article on Publisher Site

References

  • Who gives foreign aid to whom and why
    Alesina, A; Dollar, D
  • Do corrupt governments receive less foreign aid
    Alesina, A; Weder, B

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