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- KurzbeschreibungSince the success of the Marshall Plan in the<br>economic recovery of Western Europe after WWII<br>foreign aid has been an important tool of foreign<br>policy. Yet there are increasing doubts about the<br>effectiveness of the aid effort. Critics argue that<br>aid is targeted to wasteful regimes and to countries<br>where the environment is not conducive to growth. This book examines aid effectiveness by asking what<br>determines which countries receive aid and how much<br>and what considerations dominate the donors' and the<br>recipients' decision processes. The focus is on<br>World Bank lending to Eastern Europe and the<br>donor-recipient relations are presented in a<br>principal-agent framework. Both donors and<br>recipients choose to enter into an aid relationship<br>and the motivations behind these decisions have<br>implications for the effectiveness of aid. The<br>theoretical hypotheses are tested in an empirical<br>model and two case studies. The analysis shows that<br>World Bank involvement has contributed to economic<br>growth in Eastern Europe, but both the Bank and<br>recipient countries face constraints that limit their<br>ability to meet their commitments and this in turn<br>limits the effectiveness of aid.
- AutorPopova Kalina
- Seiten172 Seiten
- Gewicht238 g
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