Foreign Aid

In book: The New Palgrave Dictionary of Economics, Edition: 2, Chapter: Foreign Aid, Publisher: Palgrave Macmillan, Editors: Larry Blume, Steven Durlauf 2008

Posted: 15 Dec 2014

See all articles by Finn Tarp

Finn Tarp

University of Copenhagen - Department of Economics

Date Written: 2008

Abstract

Foreign aid has evolved significantly since the Second World War in response to a dramatically changing global political and economic context. This article (a) reviews this process and associated trends in the volume and distribution of foreign aid; (b) reviews the goals, principles and institutions of the aid system; and (c) discusses whether aid has been effective. While much of the original optimism about the impact of foreign aid needed modification, there is solid evidence that aid has indeed helped further growth and poverty reduction.

Suggested Citation

Tarp, Finn, Foreign Aid (2008). In book: The New Palgrave Dictionary of Economics, Edition: 2, Chapter: Foreign Aid, Publisher: Palgrave Macmillan, Editors: Larry Blume, Steven Durlauf 2008, Available at SSRN: https://ssrn.com/abstract=2537745

Finn Tarp (Contact Author)

University of Copenhagen - Department of Economics ( email )

Øster Farimagsgade 5
Bygning 26
1353 Copenhagen K.
Denmark

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