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The Effects Of Foreign Aid On Ghanas Economic Development
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Book Synopsis The Effects of Foreign Aid on Ghana's Economic Development by : Bangura Samuel
Download or read book The Effects of Foreign Aid on Ghana's Economic Development written by Bangura Samuel and published by GRIN Verlag. This book was released on 2024-03-20 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2024 in the subject Sociology - Economy and Industry, grade: Level 600, University of Ghana, Legon (School of Social Science), course: Sociology, language: English, abstract: This term paper examines the impact of foreign aid on Ghana's economic development, exploring both positive and negative aspects of aid inflows. Ghana, like many other developing nations, has been a recipient of foreign aid aimed at fostering economic growth, poverty reduction, and sustainable development. The paper analyses the historical context of foreign aid to Ghana, evaluates the effectiveness of aid programs, and considers the potential challenges associated with aid dependency. By synthesizing existing literature and empirical evidence, this study aims to provide a comprehensive understanding of the nuanced relationship between foreign aid and economic development in Ghana.
Book Synopsis Foreign Aid and Development in South Korea and Africa by : Kelechi A. Kalu
Download or read book Foreign Aid and Development in South Korea and Africa written by Kelechi A. Kalu and published by Routledge. This book was released on 2021-08-15 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book compares the rapid development of South Korea over the past 70 years with selected countries in sub-Saharan Africa to assess what factors contributed to the country’s success story, and why it is that countries that were comparable in the past continue to experience challenges in achieving and sustaining economic growth. In the 1950s, South Korea’s GDP per capita was $876, roughly comparable with that of Cote d’Ivoire and somewhat below Ghana’s. The country’s subsequent transformation from a war-ravaged, international aid-dependent economy to the 13th largest economy in the world has been the focus of considerable international admiration and attention. But how was it that South Korea succeeded in multiplying its GDP per capita by a factor of 23, while other Less Developed Countries continue to experience challenges? This book compares South Korea’s politics of development and foreign assistance with that of Ghana, Nigeria, and Zambia, which were also major recipients of the U.S. aid, to investigate the specific contexts that made it possible for South Korea to achieve success. Overall, this book argues that effective state capacity in South Korea’s domestic and international politics provided an anchor for diplomatic engagement with donors and guided domestic political actors in the effective use of aid for economic development. This book will be of interest to researchers and students working on development, comparative political economy, and foreign aid, and to policy makers and practitioners looking for a greater understanding of comparative development trajectories.
Book Synopsis Foreign Aid and Foreign Policy by : Louis A. Picard
Download or read book Foreign Aid and Foreign Policy written by Louis A. Picard and published by Routledge. This book was released on 2015-01-28 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely work presents cutting-edge analysis of the problems of U.S. foreign assistance programs - why these problems have not been solved in the past, and how they might be solved in the future. The book focuses primarily on U.S. foreign assistance and foreign policy as they apply to nation building, governance, and democratization. The expert contributors examine issues currently in play, and also trace the history and evolution of many of these problems over the years. They address policy concerns as well as management and organizational factors as they affect programs and policies. "Foreign Aid and Foreign Policy" includes several chapter-length case studies (on Iraq, Pakistan, Ghana, Haiti, and various countries in Eastern Europe and Africa), but the bulk of the book presents broad coverage of general topics such as foreign aid and security, NGOs and foreign aid, capacity building, and building democracy abroad. Each chapter offers recommendations on how to improve the U.S. system of aid in the context of foreign policy.
Book Synopsis Problems, Promises, and Paradoxes of Aid by : J. Oloka-Onyango
Download or read book Problems, Promises, and Paradoxes of Aid written by J. Oloka-Onyango and published by Cambridge Scholars Publishing. This book was released on 2014-11-10 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an anthology of essays contributing new scholarship to the contemporary discourse on the concept of aid. It provides an interdisciplinary investigation of the role of aid in African development, compiling the work of historians, political scientists, legal scholars, and economists to examine where aid has failed and to offer new perspectives on how aid can be made more effective. Questions regarding the effectiveness of aid are addressed here using specific case studies. The question of ownership is examined in the context of two debates: 1) to what extent should aid be designed by the recipient country itself? and 2) should aid focus on “need” or “performance”? That is, should donors direct aid to the poorest countries, regardless of their policies and governance, or should aid “reward” countries for doing the right thing? The future of aid is also addressed: should aid continue to be a part of the development agenda for countries in sub-Saharan Africa? If so, how much and what type of aid is needed, and how it can be made most effective? The major criticism against aid is that it cripples the recipient country’s economic growth by turning it into a passive receiver; in addition, it has been noted that aid is mostly supply-driven, depending upon donors rather than the actual needs of recipients. For this reason, aid may not meet the goals for which it was intended. To meet the needs of the communities they want to help, donors should work through consultation and a measure of recipient ownership. Donors need to understand context, to protect human rights, and to be guided by principles of social and environmental justice. Other suggested strategies for making aid more effective include peer review; self-assessment; the empowerment of women; encouraging accountability; investing in agriculture; helping smallholder subsistence farmers; introducing ethical and professional standards for civil service; and raising the competence of civil servants.
Book Synopsis Nurturing Sustainable Prosperity in West Africa by : Stephen Armah
Download or read book Nurturing Sustainable Prosperity in West Africa written by Stephen Armah and published by Springer Nature. This book was released on 2020-02-18 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Through the lens of personal experience, Dr. Armah walks us through the scholarly research on culture, corruption and economics as it applies to the Ghanaian experience. We are left with a partially disappointing picture of a country wealthy in people and resources, but poor in growth but cannot help but imagine that Ghana has turned a corner and that history may well turn out to be kind to the country Dr. Armah clearly loves.” –Kenneth Leonard, Associate Professor, University of Maryland at College Park “Management consultants and corporate leadership experts have often verified Peter Drucker’s observation that ‘culture eats strategy for breakfast.’ This book represents a heartfelt effort to recognize and grapple with the power of culture over economic strategy and development policy. Stephen Armah’s reflections on Ghanaian experiences reveal how a deeper appreciation of culture and mindset can help us understand the persistence of corruption and elements of a path forward.” –Alex Winter-Nelson, Director of ACES Office of International Programs, University of Illinois at Urbana-Champaign “This book is an interesting introduction to the ways in which culture influences economic growth and productivity in Ghana. Using a combination of revealing anecdotes and citations from the literature Dr. Armah explores the ways that culture can positively, and negatively, impact the institutions that are necessary to allow a country to thrive. Aspects of culture that are a hindrance cannot be changed immediately, but can, over time, adapt to improve the country.” –Erik Cheever, Professor, Department of Engineering, Swarthmore College "An easy and thought provoking read! It contains a bold message that I expect will facilitate an important conversation not only in Ghana but across Africa.” –Saweda Liverpool-Tasie, Associate Professor of Agricultural, Food, and Resource Economics, Michigan State University “Armah’s thesis is that corruption, economic inefficiency, and weak formal institutions are culturally rooted in Ghana, and that the real work of development involves changing the worldviews that give life events their meaning and determine how people respond to formal policies and institutions. This is a controversial argument that will provoke lively debate. Armah's book puts the literature on economic development and culture into dialogue with stories of life in post-independence Ghana.” –Stephen A. O'Connell, Gil and Frank Mustin Professor of Economics, Swarthmore College Using Ghana as a case study, this book argues that local culture and tradition play a role in shaping economic institutions that operate in a country. This book focuses on how certain cultural practices lead to an environment more susceptible to cronyism and corruption. The book then discusses the relationship between culture and rampant corruption, and how these in sum have harmed Ghana’s economic development. “I have no doubt that culture, in terms of attitudes, values, norms and behavior, is the single most important explanatory factor in Ghana's underdevelopment. It explains the widespread corruption, poor work ethic and indiscipline. These are the issues Stephen Armah courageously takes on in this book as needing to be addressed in Ghana's development.” -Stephen Adei, Professor Emeritus, Ashesi University “Stephen Armah’s Nurturing Sustainable Prosperity in West Africa explores and interprets the economics, transnational organizations, socio-cultural politics as contexts and processes for understanding corruption in Ghana, in particular and Africa as a whole. Focusing on the continuous transactions among Ghanaians with reference to their social and personal obligations against the backdrop of the pervasive corruption exemplified in his case studies, Armah clearly explains the process of constructing socio-political mores and policies to remedy or root out chronic corruption. Armah examines the institutionalized and non-formal customary practices that engender nepotism, absenteeism, lawlessness and general malaise that hamper development. The book provides an important analysis and solutions to corruption. It will be of interest to not only to scholars of economics but also, to the general reader, policymakers and servant- leaders in contemporary Africa.” -Pashington Obeng, Dean of the Faculty of Arts and Science, Ashesi University
Book Synopsis Foreign Aid and Development by : Finn Tarp
Download or read book Foreign Aid and Development written by Finn Tarp and published by Routledge. This book was released on 2000-08-17 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter Hjertholm, Editorial Assistant Aid has worked in the past but can be made to work better in the future. In this important new book, leading economists and political scientists, including experienced aid practitioners, re-examine foreign aid. The evolution of development doctrine over the past fifty years is critically investigated, and conventional wisdom and current practice is challenged. As well as offering important new research material, the book opens up new directions for future practice and policy. It will be of vital interest to those working in economics, politics and development studies, as well as to governmental and aid professionals.
Book Synopsis External Aid Inflows and the Real Exchange Rate in Ghana by : Harry A. Sackey
Download or read book External Aid Inflows and the Real Exchange Rate in Ghana written by Harry A. Sackey and published by . This book was released on 2001 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Cost of Aid Tying to Ghana by : Barfour Osei
Download or read book The Cost of Aid Tying to Ghana written by Barfour Osei and published by . This book was released on 2004 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact of U.S. Development Assistance in Africa... by : Gina Marie L. Hatheway
Download or read book The Impact of U.S. Development Assistance in Africa... written by Gina Marie L. Hatheway and published by DIANE Publishing. This book was released on 1999-10 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hearing on various issues concerning America's relationship with Africa and U.S. policy and programs in Africa. Witnesses include: George Moose, Assistant Secretary of State for Africa, U.S. Dept. of State; Carol Peasley, Acting Assistant Administrator for Africa, U.S. Agency for International Development; William Ford, Pres., African Development Found.; Carol Lancaster, Assistant Prof., School of Foreign Service, Georgetown Univ.; Michael Maren, Journalist/Author; Edmund DeJarnette, Jr., Exec. Dir. U.S.-Angola Chamber of Commerce; and Nicholas Eberstadt, Visiting Scholar, Amer. Enterprise Institute.
Book Synopsis Macroeconomic Challenges of Scaling Up Aid to Africa by : Yongzheng Yang
Download or read book Macroeconomic Challenges of Scaling Up Aid to Africa written by Yongzheng Yang and published by International Monetary Fund. This book was released on 2006-03-20 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the next decade, African countries are expected to be the largest beneficiaries of increased donor aid, which is intended to improve their prospects for achieving the Millennium Development Goals. This handbook will help these countries assess the macroeconomic implications of increased aid and respond to the associated policy challenges. The handbook is directed at policymakers, practicing economists in African countries, and the staffs of international financial institutions and donor agencies who participate in preparing medium-term strategies for African countries, including in the context of poverty reduction strategy papers. It provides five main guidelines for developing scaling-up scenarios to help countries identify important policy issues involved in using higher aid flows effectively: to absorb as much aid as possible, to boost growth in the short to medium term, to promote good governance and reduce corruption, to prepare an exit strategy should aid levels decrease, and to regularly reassess the policy mix.
Book Synopsis Democratic Trajectories in Africa by : Danielle Resnick
Download or read book Democratic Trajectories in Africa written by Danielle Resnick and published by OUP Oxford. This book was released on 2013-10-31 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite impressive economic growth rates over the last decade, foreign aid still plays a significant role in Africa's political economies. This book asks when, why, and how foreign aid has facilitated, or hindered, democratization in sub-Saharan Africa. Instead of looking at foreign aid as a monolithic resource, the book examines the disparate impacts of aid specifically intended for development outcomes and aid explicitly aimed at democracy promotion. Careful attention is also given to examining the role of various aid modalities, including general budget support, and the influence of non-traditional donors. In doing so, the authors use a combination of cross-country quantitative analyses and in-depth case studies of Benin, Ghana, Malawi, Mali, Mozambique, Tanzania, and Zambia based on recent interviews with donors, government officials, and civil society organizations. Unlike other work on aid and democracy, the book carefully considers how foreign aid affects various elements of the democratization process, including transitions to multiparty systems and democratic consolidation. In terms of the latter, the authors analyse what role different types of aid play in avoiding a breakdown of multiparty democracy or an erosion of civil liberties, reinforcing parliaments and judiciaries, promoting free and fair elections and a vibrant civil society, and encouraging competitive party systems. Overall, the authors' findings suggest that the best means for enhancing the effectiveness of aid for development outcomes is not always the most optimal way of promoting democratic consolidation, and the book provides policy recommendations to try and reconcile these trade-offs.
Book Synopsis Development Without Aid by : Melvyn B. Krauss
Download or read book Development Without Aid written by Melvyn B. Krauss and published by . This book was released on 1984 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Development Aid and Economic Growth by : Camelia Minoiu
Download or read book Development Aid and Economic Growth written by Camelia Minoiu and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the growth impact of official development assistance to developing countries. Our approach is different from that of previous studies in two major ways. First, we disentangle the effects of two kinds of aid: developmental and non-developmental. Second, our specifications allow for the effect of aid on economic growth to occur over long time-lags. Our results indicate that developmental aid promotes long-run growth. The effect is significant, large and robust to different specifications and estimation techniques.
Book Synopsis Ghana, Some Foreign Aid Issues by : Kwame Boafo-Arthur
Download or read book Ghana, Some Foreign Aid Issues written by Kwame Boafo-Arthur and published by . This book was released on 1993 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Foreign Aid, Democratisation and Civil Society in Africa by : Julie Hearn
Download or read book Foreign Aid, Democratisation and Civil Society in Africa written by Julie Hearn and published by . This book was released on 1999 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how a range of foreign donors have developed a range of civil society initiatives in Ghana, Uganda and South Africa.
Book Synopsis Economic Reforms in Ghana by : Ernest Aryeetey
Download or read book Economic Reforms in Ghana written by Ernest Aryeetey and published by Africa World Press. This book was released on 2000 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews the performance of the Ghanaian economy for the period 1983 to 1991, aimed at assessing the impact of structural adjustment policies in different areas of the economy.
Book Synopsis Foreign Aid in Africa by : Jerker Carlsson
Download or read book Foreign Aid in Africa written by Jerker Carlsson and published by Nordic Africa Institute. This book was released on 1997 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume reports on the findings of an international research project on aid effectiveness in Africa.
