Economic aid to developing countries is an important -- and often
controversial -- part of foreign policy for many Western nations.
But how effective is such aid in achieving the objectives of the
giver and the recipient? In this important study, Paul Mosley
offers a challenging reassessment of the role of economic aid for
nations on both sides of the equation.Mosley examines in detail the
foreign aid programs of the leading Western powers with particular
regard to the role of aid in international politics, and then
examines the effectiveness of aid as a subsidy to exports, as an
instrument of development, and as a means of redistributing income
and bargaining power to the very poor.Mosley also incorporates
overseas aid into the general economic theory of public
expenditure. He examines the various protagonists on the supply
side of the market for aid expenditures and in particular those on
the demand side. Supporting this analysis of ways in which the aid
market adjusts over time are extensive data from the OECD countries
for the past thirty years.With its searching assessment of the
effectiveness of foreign aid as an instrument of dogmatic and
economic policy, Mosley's new book will be essential reading for
all students in the field of international relations.
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