Effective Foreign Aid, Economic Integration And Subsidiarity: Lessons from Europe

31 Pages Posted: 23 Jul 2009

See all articles by Abdur Chowdhury

Abdur Chowdhury

Marquette University - Department of Economics; United Nations - Economic Commission for Europe

Paolo Garonna

affiliation not provided to SSRN

Date Written: June 2007

Abstract

The paper shows that the question that is relevant for the debate on the efficacy of development assistance is not so much as an issue of how much, but rather for what. In view of the growing awareness of ODA’s inefficiency in achieving intended aims, this paper proposes an alternative approach to development assistance policies – economic integration and subsidiarity provides the conditions necessary for ODA to produce higher rates of economic growth on a sustainable basis. Europe is an excellent case in point, in this context. Europe has in the last decades experienced a number of success stories in moving out of poverty and onto sustainable economic growth. The secret of success has been the push towards economic integration, and the adoption of economic reforms at the local, national, and egional level conducive to economic growth. The recipient countries of development assistance have much to learn from the European experience.

Keywords: foreign aid, economic integration, subsidiarity

Suggested Citation

Chowdhury, Abdur and Garonna, Paolo, Effective Foreign Aid, Economic Integration And Subsidiarity: Lessons from Europe (June 2007). CASE Network Studies and Analyses No. 346. Available at SSRN: https://ssrn.com/abstract=1436909 or http://dx.doi.org/10.2139/ssrn.1436909

Abdur Chowdhury (Contact Author)

Marquette University - Department of Economics ( email )

P.O. Box 1881
Milwaukee, WI 53201-1881
United States

United Nations - Economic Commission for Europe ( email )

Palais des Nations
Geneva
Switzerland

Paolo Garonna

affiliation not provided to SSRN ( email )

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