Foreign aid has been an area of active scholarly investigation since the end of the Second World War, but particularly since the early 1950s when a large number of the erstwhile colonies became independent. Few areas of public policy involving the developed and developing countries have aroused more passion and ideological debate than foreign aid. In spite of the massive amount of research in the field, there is still not enough work in two areas: the first involves the mechanisms through which aid influences the economies of the donor and the recipient countries; and the second, country-specific assessments of the effectiveness of foreign aid. Foreign Aid: New Perspectives is aimed at making a contribution in these two areas. The contents of this volume are divided into four parts. Part I deals with some theoretical aspects of foreign aid, while the second part analyzes some general policy aspects. Part III turns to the donor experience and includes one paper on the Danish experience. The last part considers the recipient experience and consists of five case studies.

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Preface. I: Some Theoretical Aspects of Foreign Aid. 1. Foreign Aid and Employment Policies in LDCs; P. Hatzipanayotou, M.S. Michael. 2. Altruism, Trade Policy, and the Optimality of Foreign Aid; S. Lahiri, P. Raimondos-Møller. 3. Foreign Aid and the Welfare Cost of Inflation; E. Asem, K.L. Gupta. II: Foreign Aid, Some General Policy Aspects. 4. Foreign Aid and Global Environmental Policies; C. Jepma. 5. International Development Assistance and Food Security; A. Matthews. 6. Is There a Link Between Aid and Trade Flows? An Econometric Investigation; M. McGillivry, et al. 7. Politicising Development? The Role of Participation in the Activities of Aid Agencies; H. White. 8. Technical Expertise and Indigenization; L.S. Wilson. III: Case Studies: The Donor Experience. 9. Danish Aid Policy: Theory and Empirical Evidence; F. Tarp, et al. IV: Case Studies: The Recipient Experience. 10. Can Aid Generate Growth in Africa?; A. Bigsten. 11. Cost Benefit Analysis of Foreign Aid for a Highly Distorted Economy: The Case of Sudan; K. Han, E. Tower. 12. Foreign Assistance and Development in Bangladesh; A.M. Islam. 13. Main Phases and Salient Features of Turkish Foreign Aid Experience; F. Senses. 14. The Macroeconomics of Foreign Aid in Sub-Saharan Africa: Dutch Disease Effects Reconsidered; J. Rattsø, R. Torvik. Index.