What Can Aid Do?
Posted: 20 Aug 2009
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Date Written: August 18, 2009
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 can’t, and hasn’t, contributed to the solution of economic problems and therefore economic growth. In this much more important sense, aid has failed.
Suggested Citation: Suggested Citation
Skarbek, David and Leeson, Peter T., What Can Aid Do? (August 18, 2009). Cato Journal, 2009, Available at SSRN: https://ssrn.com/abstract=1457512
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