Aid and development: Issues and reflections
The paper has three main sections. The first is a review of two particular propositions which appear in Dambisa Moyoâ€™s 2009 book Dead Aid which were not subjected to rigorous analysis in the reviews which appeared following its publication. The finding is that neither proposition survives serious scrutiny â€“ that aid is responsible for most of sub-Saharan Africaâ€™s economic woes and that the international bond market represents a viable alternative to foreign aid for the finance of development-oriented investment. The second questions some of the characteristics and uses of the World Bankâ€™s Country Policy and Institutional Assessment (CPIA), particularly focussing on the use of an essentially ordinal measure in cardinal applications. The third subjects the UK Department for International Developmentâ€™s Needs-Effectiveness Index to critical review, concluding that further consideration of its attributes is necessary.
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