Publication: Aid Effectiveness : Can Aid Agencies Be Smarter Than the Invisible Hand?
Date
2005-06
ISSN
Published
2005-06
Author(s)
Klein, Michael
Harford, Tim
Abstract
Private financial flows such as foreign
direct investment seem toencourage economic growth
and relieve poverty in part because theycreate
excellent incentives for transferring know-how and in
partbecause they are subject to a stern market
test that ensures they areallocated and monitored
carefully. For aid flows, not automaticallysubject
to these disciplines, it is difficult to be as effective.
ThisNote argues that aid agencies, by learning
what makes private flowsso effective, can bring
better aid to the poorest.
Citation
“Klein, Michael; Harford, Tim. 2005. Aid Effectiveness : Can Aid Agencies Be Smarter Than the Invisible Hand?. Viewpoint. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/40d494d0-91e3-5c15-993e-5e9b5f3dc8c8 License: CC BY 3.0 IGO.”
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