After almost forty years of development aid most commentators agree
that aid as we know it has not worked. Aid fatigue is suffered on
both the donor and recipient sides, with a wide divergence between
those who call for a radical overhaul of aid delivery methods,
those who advocate a complete end to development aid and those who
continually demand significant increases in aid flows. David Fee
provides a refreshing, insightful and comprehensive analysis of how
an exit may actually be possible - drawing on real experience and
as such supplying a simple summary of recommended policy steps. The
author thoroughly reviews aid for trade, regional integration and
microfinance and a host of other solutions that have been proposed
- arguing that an exit strategy for both donors and the least
developed countries will have to consider the optimal combination
of these specific initiatives to best satisfy the necessity of
development and at the same time solve the problems of conventional
aid.
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