Development Assistance and Development Finance: Evidence and Global Policy Agendas

Journal of International Development, 7(6):819-836, 2005, DOI: 10.1002/jid.1243

Posted: 15 Nov 2014

See all articles by Tony Addison

Tony Addison

United Nations University

George Mavrotas

United Nations - World Institute for Development Economics Research (UNU/WIDER)

Mark McGillivray

United Nations - World Institute for Development Economics Research (UNU/WIDER)

Multiple version iconThere are 2 versions of this paper

Date Written: February 1, 2005

Abstract

Understanding the development effects of official aid is crucial to building a better bridge between research and policy. This paper reviews the current evidence regarding the impact of aid on growth and poverty reduction, and develops a new narrative. In the light of this narrative, the paper then examines aid trends, focusing on the regions of sub-Saharan Africa and the Pacific. The paper then turns to recent discussion of new and innovative sources of development finance and considers how research has influenced the policy debate through a recent World Institute for Development Economics Research (UNU-WIDER) study for the United Nations (UN) General Assembly. The paper concludes that aid broadly works, that poverty would be higher in the absence of aid, and that the shortfall in aid during the 1990s has, by implication, made it more difficult to meet the Millennium Development Goals (MDGs). Hence, a considerable catch-up in aid and other development finance flows is now necessary if poverty is to be substantially reduced by 2015.

Suggested Citation

Addison, Tony and Mavrotas, George and McGillivray, Mark, Development Assistance and Development Finance: Evidence and Global Policy Agendas (February 1, 2005). Journal of International Development, 7(6):819-836, 2005, DOI: 10.1002/jid.1243 , Available at SSRN: https://ssrn.com/abstract=2524172

Tony Addison (Contact Author)

United Nations University ( email )

Katajanokanlaituri 6B
Helsinki, FIN-00160
Finland

George Mavrotas

United Nations - World Institute for Development Economics Research (UNU/WIDER) ( email )

Katajanokanlaituri 6B
Helsinki, FIN-00160
Finland

Mark McGillivray

United Nations - World Institute for Development Economics Research (UNU/WIDER) ( email )

Katajanokanlaituri 6B
Helsinki, FIN-00160
Finland
+358-9-61599213 (Phone)
+358-9-61599333 (Fax)

HOME PAGE: http://www.wider.unu.edu

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