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The Price of Aid - The Economic Cold War in India (Paperback)
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The Price of Aid - The Economic Cold War in India (Paperback)
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"A superb, field-changing book...A true classic." -Sunil Amrith
"Makes a major contribution towards a necessary discussion of the
politics of aid." -Times Higher Education Debates over foreign aid
are often strangely ahistorical. Economists argue about
effectiveness-how to make aid work-while critics bemoan money
wasted on corruption, ignoring the fundamentally political
character of aid. The Price of Aid exposes the geopolitical
calculus underpinning development assistance, and its costs. India
stood at the center of American and Soviet aid competition
throughout the Cold War, as both superpowers saw developmental aid
as a way of pursuing their geopolitical goals by economic means.
Drawing on recently declassified files from seven countries, David
Engerman shows how Indian leaders used Cold War competition to win
battles at home, eroding the Indian state in the process. As China
spends freely in Africa, the political stakes of foreign aid are
rising once again. "A magnificent book. Anyone who seeks to
understand contemporary India and its development struggles will
have to start here. Engerman's work is not only enlightening, it
turns much of what we thought we knew about India, foreign aid, and
the Cold War in South Asia upside down." -O. A. Westad, author of
The Cold War "An outstanding history...Drawing on an unprecedented
array of official and private archives in India, Russia, the United
States, and Britain, Engerman offers a superb account-one that
integrates the ideologies and policies of the superpowers with a
sharp analysis of the push-and-pull of policymaking in India. This
is a landmark study of independent India as well as the Cold War."
-Srinath Raghavan, author of India's War
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