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Assessing the Millennium Challenge Corporation as a Model for Foreign Assistance Reform

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  • Prud'homme, Dan

Abstract

This study assesses the effectiveness of different administrative models of US foreign assistance, with a unique focus on one that hypothetically channels more DFA-administered funds through the Millennium Challenge Corporation (MCC). The study finds several limitations with this model, and so discounts the assumption that because the MCC is a fairly effective instrument of foreign assistance simply expanding it as is would spread its benefits on a larger scale. With some additions to its framework, however, the model may be quite effective and both politically and economically feasible.

Suggested Citation

  • Prud'homme, Dan, 2007. "Assessing the Millennium Challenge Corporation as a Model for Foreign Assistance Reform," MPRA Paper 28298, University Library of Munich, Germany, revised Jun 2007.
    • Handle: RePEc:pra:mprapa:28298
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    References listed on IDEAS

    as
    1. Alberto Alesina & Beatrice Weder, 2002. "Do Corrupt Governments Receive Less Foreign Aid?," American Economic Review, American Economic Association, vol. 92(4), pages 1126-1137, September.
    2. Steven Radelet, 2004. "Aid Effectiveness and the Millennium Development Goals," Working Papers 39, Center for Global Development.
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    More about this item

    Keywords

    Millennium Challenge Account; Millennium Challenge Corporation; MCA; MCC; international economics; USAID; DFA; foreign aid; foreign assistance; international development; Prud'homme; Dan Prud'homme; Dan Prudhomme;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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