Aid Effectiveness : Can Aid Agencies Be Smarter Than the Invisible Hand?
Private financial flows such as foreign direct investment seem toencourage economic growth and relieve poverty in part because theycreate excellent incentives for transferring know-how and in partbecause they are subject to a stern market test that ensures they areallocated and monitored carefully. For aid flows, not automaticallysubject to these disciplines, it is difficult to be as effective. ThisNote argues that aid agencies, by learning what makes private flowsso effective, can bring better aid to the poorest.
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| Main Authors: | , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2005-06
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| Subjects: | AID, AID AGENCIES, AID EFFECTIVENESS, AID FLOWS, BENCHMARKS, BORROWING, CIVIL WAR, COMPETITIVENESS, CORPORATE GOVERNANCE, DEVELOPMENT ASSISTANCE, DEVELOPMENT ECONOMICS, DIRECT INVESTMENT, ECONOMIC GROWTH, EQUITY INVESTMENTS, FOREIGN AID, FOREIGN INVESTORS, GDP, GOOD GOVERNANCE, INCOME, MARKET TEST, NONGOVERNMENTAL ORGANIZATIONS, POLITICAL STRUGGLE, PRIVATE BANKS, PRIVATE SECTOR DEVELOPMENT, PRODUCTIVITY, PUBLIC POLICY, PURCHASING POWER, RATING AGENCIES, REGULATORY FRAMEWORK, STATISTICAL ANALYSIS, TECHNICAL ASSISTANCE, UNITED NATIONS DEVELOPMENT PROGRAMME, WEALTH, |
| Online Access: | http://documents.worldbank.org/curated/en/2005/06/6040161/aid-effectiveness-can-aid-agencies-smarter-invisible-hand https://hdl.handle.net/10986/11218 |
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