Abstract
Foreign aid’s advocates claim aid has been successful. Aid’s critics claim aid has failed. We explain why both camps are correct. Aid can, and in a few cases has, increased a particular output by devoting more resources to its production. In this sense, aid has occasionally had limited success. However, aid cannot, and has not, contributed to the solution of economic problems and therefore economic growth. In this much more important sense, aid has failed.
| Original language | English |
|---|---|
| Pages (from-to) | 391-397 |
| Number of pages | 7 |
| Journal | CATO JOURNAL |
| Volume | 29 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Sept 2009 |
