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Full Description
Foreign aid is one of the few topics in the development discourse with such an uninterrupted, yet volatile history in terms of interest and attention from academics, policymakers, and practitioners alike. Does aid work in promoting growth and reducing poverty in the developing world? Will a new 'big push' approach accelerate progress towards the Millennium Development Goals or will another opportunity be missed? Can the lessons of almost half a century of aid giving be learnt? These are truly important questions in view of the emerging new landscape in foreign aid and recent developments related to the global financial crisis, which are expected to have far reaching implications for both donors and recipients engaged in this area. Against this shifting aid landscape, there is a pressing need to evaluate progress to date and shed new light on emerging issues and agendas.
This volume brings together leading aid experts to review the progress achieved so far, identify the challenges ahead, and discuss the emerging policy agenda in foreign aid. A central conclusion of this important and timely volume is that, since development aid remains crucial for many developing countries, a huge effort is needed from both donors and aid recipients to overcome the inefficiencies and make aid work better for poor people. After all, as global citizens, we have a moral obligation to do the best we can to lift people out of poverty in the developing world. The findings of this book will be of considerable interest to professionals and policymakers engaged in policy reforms in foreign aid, and provide an essential one-stop reference for students of development, international finance, and economics.
Contents
PART I. FOREIGN AID FOR DEVELOPMENT ; 1. Introduction and overview ; 2. Aid, growth, and development ; PART II. ENHANCING AID EFFECTIVENESS ; 3. Toward the enhanced effectiveness of foreign aid ; 4. Reconstructing the aid effectiveness debate ; PART III. AID TO FRAGILE AND CONFLICT-AFFECTED COUNTRIES ; 5. The implications of horizontal inequality for aid ; 6. Conflict prevention as a policy objective of development aid ; 7. Aid to fragile states: do donors help or hinder? ; 8. Foreign aid and economic development in post-war Lebanon ; PART IV. AID MODALITIES ; 9. Can new aid modalities handle politics? ; 10. Monitoring and evaluation reform under changing aid modalities ; 11. Practical and theoretical implications of the Joint Evaluation of General Budget Support ; 12. New aid modalities and reporting support for child rights: lessons from assessing aid for basic social services ; PART V. MANAGING AID FLOWS ; 13. Big push versus absorptive capacity: how to reconcile the two approaches ; 14. Aid and rent-driven growth: Mauritania, Kenya, and Mozambique compared
