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Poverty And Recovery: The History Of Aid And Development In East Africa

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Fredrik Erixon

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Abstract

"Poor countries are believed to be trapped in a vicious circle of poverty where low incomes lead to low savings and insufficient resources for investments. Foreign aid is supposed to boost investment and link poor countries to a virtuous circle of growth. But real per capita growth has not been present in the modern history of Kenya and Tanzania - even though foreign aid has increased many times over. Does the recent history in Uganda pave the way for new principles of efficient aid, or is it just a rare occasion of aid-induced behavioural change?" Copyright (c) Institute of Economic Affairs 2003.

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Article provided by Blackwell Publishing in its journal Economic Affairs.

Volume (Year): 23 (2003)
Issue (Month): 4 (December)
Pages: 27-33
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Handle: RePEc:bla:ecaffa:v:23:y:2003:i:4:p:27-33

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This page was last updated on 2009-11-28.

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