Why foreign aid fails
The main point of this paper is that foreign aid fails because the structure of its incentives resembles that of central planning. Aid is not only ineffective, it is arguably counterproductive. Contrary to business firms that are paid by those they are supposed to serve (customers), aid agencies are...
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| Format: | Article |
| Language: | English |
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Economists' Association of Vojvodina
2007-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2007/1452-595X0701029P.pdf |