IDA
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Does Foreign Aid Have an Effect on Economic Growth? New Research Adds to the Debate
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This piece, first published on June 15, 2016, is being republished as part of the Chicago Policy Review‘s 20th Anniversary Series. Please visit us here to learn more about the series from our Executive Editors. There is an ongoing debate about the impact of international aid on growth, particularly in developing countries. Jeffrey Sachs and William Easterly represent the two primary strains…
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Does Foreign Aid Have an Effect on Economic Growth? New Research Adds to the Debate
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There is an ongoing debate about the impact of international aid on growth, particularly in developing countries. Jeffrey Sachs and William Easterly represent the two primary strains of thought in this debate. Sachs argues that foreign aid constitutes an important instrument to reduce poverty and foster development, while Easterly suggests that foreign aid fails to reach…