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The Macroeconomic Management Of Foreign Aid
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Book Synopsis The Macroeconomic Management of Foreign Aid by : Mr.Peter Isard
Download or read book The Macroeconomic Management of Foreign Aid written by Mr.Peter Isard and published by International Monetary Fund. This book was released on 2006-04-21 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the adoption of the Milennium Development Goals (MDGs) in 2000, the challenge of reducing poverty around the world has been more prominent on the agenda of the international community. Relatively slow progress toward meeting the MDGs by the 2015 target date has added to the urgency of this effort. Two influential reports - The United Nations Millennium Project Report (the "Sachs Report") and the Commission for Africa Report (the "Blair Report") envisage substantial increases in aid flows to poor countries, especially to countries in sub-Saharan Africa. The International community sees increases in aid, along with improvements in recipient policies and freer global trade, as necessary for global prosperity and poverty reduction.
Book Synopsis Lessons on Foreign Aid and Economic Development by : Nabamita Dutta
Download or read book Lessons on Foreign Aid and Economic Development written by Nabamita Dutta and published by Springer Nature. This book was released on 2019-09-06 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: A response to the pressing need to address and clarify the substantial ambiguity within current literature, this edited volume aims to deepen readers’ understanding of the impact of foreign aid on development outcomes based on the latest findings in research over the past decade. Foreign aid has long been seen as one of two extremes: either beneficial or damaging, a blessing or a curse. Consequently, many readers perceive aid’s effectiveness based on the work of scholars who are assessing the impact of aid from one of two antithetical perspectives. This book takes a different approach, shedding light on recent research that can deepen our understanding of the complex relationship between aid and its aftereffects. Drawing from an extensive set of studies that have explored micro and macro impacts of foreign aid for recipient nations, chapter authors highlight more layered and nuanced findings, with a focus on donor characteristics, political motives, and an evaluation of aid projects and their effectiveness, including the differential impact based on type of aid. This volume is the first of its kind to unpack aid as a complex rather than a unitary concept and explore the wide areas of grey that have long enshrouded foreign aid.
Book Synopsis The Short-Run Macroeconomic Impact of Foreign Aid to Small States by : Derek Headey
Download or read book The Short-Run Macroeconomic Impact of Foreign Aid to Small States written by Derek Headey and published by Intl Food Policy Res Inst. This book was released on 2010 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Aid and Fiscal Management by : Ales Bulir
Download or read book Aid and Fiscal Management written by Ales Bulir and published by International Monetary Fund. This book was released on 2002-06 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the macroeconomic aspects of fiscal management in aid-receiving countries. Despite the declining share of aid in budgets of donor countries, aid continues to play an important role in many developing countries. The paper first discusses the implications of aid in the economy as a whole and highlights the possibility of Dutch-disease effects of aid. Second, it discusses the implications of aid for short-term fiscal policy management?in particular, how actual or anticipated changes in aid receipts should be reflected in government spending.
Book Synopsis Handbook on the Economics of Foreign Aid by : Byron Lew
Download or read book Handbook on the Economics of Foreign Aid written by Byron Lew and published by Edward Elgar Publishing. This book was released on 2015-10-30 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Role of Foreign Aid in Development by : Eric Jackson Labs
Download or read book The Role of Foreign Aid in Development written by Eric Jackson Labs and published by . This book was released on 1997 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Future of Foreign Aid by : A. Sumner
Download or read book The Future of Foreign Aid written by A. Sumner and published by Springer. This book was released on 2012-12-18 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sumner and Mallett review the literature on aid in light of shifts in the aid system and the increasing concentration of the world's poor in middle-income countries. As a consequence, they propose a series of practical, policy relevant options for future development cooperation, with the aim of provoking discussion and informing policy.
Book Synopsis Managing Reductions in Aid Inflows: Assessing Policy Choices in Haiti by : Ioana Moldovan
Download or read book Managing Reductions in Aid Inflows: Assessing Policy Choices in Haiti written by Ioana Moldovan and published by International Monetary Fund. This book was released on 2018-09-11 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: A low-income country such as Haiti that confronts an environment of diminishing aid inflows must assess tradeoffs among the available policy options: spending cuts, monetization, sales of debt, or use of foreign reserves. To provide the analytical tools for this task, the paper draws from a set of DSGE models recently developed to evaluate policy choices in low-income countries for which external aid flows represent an important revenue source. Two simplified stylized variations of the main model are used to gain intuition and initially assess the trdeaoffs. Subsequenctly a full-scale small open economy DSGE model, calibrated to match conditions in Haiti and in similar low-income countries, is employed. Several key results are common to all model versions. While sales of foreign exchange reserves can compensate for the loss of aid inflows, this strategy is not sustainable. The remaining policy choices entail larger welfare costs, involving lower consumption levels and real depreciation. The results suggest that a mixture of spending cuts and depreciation is the best strategy, when use of foreign reserves is constrained.
Download or read book Assessing Aid written by and published by World Bank Publications. This book was released on 1998 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.
Book Synopsis Macroeconomic Management When Policy Space is Constrained by : Vitor Gaspar
Download or read book Macroeconomic Management When Policy Space is Constrained written by Vitor Gaspar and published by International Monetary Fund. This book was released on 2016-09-28 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recovery in GDP growth since the global financial crisis has been halting and weak. Concern is widespread that countercyclical policies have run out of space or lack the power to raise growth or deal with the next negative shock. This note argues that room exists for effective policies and that it should be used if appropriate. The most promising route involves a comprehensive, consistent, and coordinated approach to policy making. Comprehensive policy actions within a country exploit synergies, making the whole greater than the sum of parts. Consistent policy frameworks anchor long-term expectations while allowing decisive short- to medium-term accommodation whenever necessary. Coordinated policies across major economies amplify the helpful effects of individual policy actions through positive cross-border spillovers. The findings of this paper indicate that policy coordination adds particular value if the current approach falls short of reviving growth, or in the event of a further downward shock.
Book Synopsis The Impact of Foreign Aid Upon the Domestic Economy by : Council of Economic Advisers (U.S.)
Download or read book The Impact of Foreign Aid Upon the Domestic Economy written by Council of Economic Advisers (U.S.) and published by . This book was released on 1947 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Aid and Macroeconomic Performance by : Louise Joy
Download or read book Aid and Macroeconomic Performance written by Louise Joy and published by Springer. This book was released on 2016-07-27 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an accounting framework to critically review existing studies of aid's macroeconomic effects and as a basis for four country studies on Guinea-Bissau, Nicaragua, Tanzania and Zambia. This framework focuses on the impact of different types of aid on the level and composition of key macroeconomic aggregates such as imports, investment and government expenditure. The importance of the relationship between aid and policy reform is also stressed. The case studies find that aid has had a generally positive contribution, though recommendations to further improve aid impact are also given.
Book Synopsis The Development Record and the Effectiveness of Foreign Aid by : Michael J. Crosswell
Download or read book The Development Record and the Effectiveness of Foreign Aid written by Michael J. Crosswell and published by . This book was released on 1998 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development record; Where do we stand now? What the prospects for continued progress? Has U.S. foreign aid 'gone down ratholes'?
Book Synopsis Foreign Aid: New Perspectives by : K. L. Gupta
Download or read book Foreign Aid: New Perspectives written by K. L. Gupta and published by Springer. This book was released on 2012-10-30 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign aid has been an area of active scholarly investigation since the end of the Second World War, but particularly since the early 1950s when a large number of the erstwhile colonies became independent. Few areas of public policy involving the developed and developing countries have aroused more passion and ideological debate than foreign aid. In spite of the massive amount of research in the field, there is still not enough work in two areas: the first involves the mechanisms through which aid influences the economies of the donor and the recipient countries; and the second, country-specific assessments of the effectiveness of foreign aid. Foreign Aid: New Perspectives is aimed at making a contribution in these two areas. The contents of this volume are divided into four parts. Part I deals with some theoretical aspects of foreign aid, while the second part analyzes some general policy aspects. Part III turns to the donor experience and includes one paper on the Danish experience. The last part considers the recipient experience and consists of five case studies.
Book Synopsis Foreign Aid and Consumption Smoothing by : Mr.Benedict J. Clements
Download or read book Foreign Aid and Consumption Smoothing written by Mr.Benedict J. Clements and published by International Monetary Fund. This book was released on 2003-02-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global food aid is considered a critical consumption smoothing mechanism in many countries. However, its record of stabilizing consumption has been mixed. This paper examines the cyclical properties of food aid with respect to food availability in recipient countries, with a view to assessing its impact on consumption in some 150 developing countries and transition economies, covering 1970 to 2000. The results show that global food aid has been allocated to countries most in need. Food aid has also been countercyclical within countries with the greatest need. However, for most countries, food aid is not countercyclical. The amount of food aid provided is also insufficient to mitigate contemporaneous shortfalls in consumption. The results are robust to various specifications and filtering techniques and have important implications for macroeconomic and fiscal management.
Book Synopsis Aid, the Incentive Regime, and Poverty Reduction by : Craig Burnside
Download or read book Aid, the Incentive Regime, and Poverty Reduction written by Craig Burnside and published by World Bank Publications. This book was released on 1998 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: June 1998 Aid spurs growth and poverty reduction only in a good policy environment so it should be targeted to countries that have improved their economic policy. That aid tends to be allocated relatively indiscriminately is one factor that undermines its potential impact. Spurring growth in the developing world is one stated objective of foreign aid. Another, more commonly cited, objective is reducing poverty. Generally poverty reduction and growth go hand in hand, but could aid mitigate poverty without measurably affecting growth? Burnside and Dollar examine how foreign aid affects infant mortality-an important social indicator that provides indirect evidence that the benefits of development are reaching people everywhere. They conclude that in developing countries with weak economic management-evidenced by poor property rights, high levels of corruption, closed trade regimes, and macroeconomic instability-there is no relationship between aid and the change in infant mortality. In distorted environments, development projects promoted by donors tend to fail. And aid resources are typically fungible, so the aid does not in fact finance these projects. Aid finances the whole public sector at the margin, which is why the quality of management is the key to effective assistance. A government that cannot put effective development policies in place is unlikely to oversee the effective use of foreign aid. On the other hand, there is a relationship between aid and a change in infant mortality when the recipient country has relatively good management. When management is good, additional aid worth 1 percent of GDP has a powerful effect, reducing infant mortality by 0.9 percent. In other words, aid spurs growth and improvements in social indicators only in a good policy environment. These findings strengthen the case for targeting foreign aid to countries that have improved their economic policy. But after controlling for per capita income and population, there has been almost no relationship between countries' economic policies and the amount of aid they get. The relatively indiscriminate allocation of assistance is one factor undermining the potential impact of aid. This paper-a product of Macroeconomics and Growth, Development Research Group-is part of a larger effort in the group to examine aid effectiveness. The study was funded by the Bank's Research Support Budget under the research project Economic Policies and the Effectiveness of Foreign Aid (RPO 681-70). The authors may be contacted at [email protected] or [email protected].
