The Economics of Foreign Aid

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9780202309682: The Economics of Foreign Aid
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This book brings together for the first time in a single volume a complete survey of the theoretical foundations of economic aid policies and a critical analysis of aid programs and practices. The book focuses on the contributions of familiar economic growth models and other economic and social theories of development to foreign aid practices, and provides a broad and penetrating overview of the economics of foreign aid.

At the macroanalytical level, the author investigates the savings constraint and the foreign exchange constraint approaches and the models employed for determining the quantity of external capital required for achieving growth goals under varying economic conditions in the recipient economies. The author examines other approaches to aid requirements (including the capital absorptive approach), analyzes debt service capacity, and reviews various debt cycle models. The nature and significance of indicators of economic performance are investigated, and both theoretical and practical policy issues relating to the employment of aid as a means of influencing domestic policies are analyzed. In his final chapter, the author applies his theoretical conclusions to the formulation of an integrated approach to foreign aid, encompassing the major foreign assistance problems faced today.

A clear and comprehensive text for every student of development economics, as well as the most thorough reference of its kind for professional economists, the book, a volume in the Aldine Treatises in Modem Economics series, will be useful to all who are concerned with the analysis, development, and execution of aid programs.

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About the Author:

Raymond F. Mikesell is professor emeritus of economics at the University of Oregon. He has been consultant to various branches of the government, including the Agency for International Development, the Treasury Department, the Department of State, Congress, and the President, as well as to the Inter-American Development Bank, the Pan American Union, and the World Bank.

Review:

“Professor Mikesell’s book on the economics of foreign aid is a useful addition to the existing literature on the subject. The book includes a discussion of the objectives of aid, foreign-aid theories and strategies, the forms of aid, debt burdens, and aid burdens, and it examines the various choices faced by the aid-giving countries, such as bilateral vs. multilateral aid, project vs. program assistance, and hard vs. soft loans.”

—Bela Balassa, The Journal of Finance

“[Mikesell] brings his sound and experienced judgment to bear critically on the theories underlying the calculation of aid requirements and the practical criteria used in the granting of aid. . . . [T]his book offers a solid and thoughtful discussion of the economics of foreign aid, and it will be a welcome addition to the library of those who must either teach about foreign aid or administer it.”

—Richard N. Cooper, The American Economic Review

“Mikesell’s main criticisms of development strategy are now widely accepted: the impossibility of industrial enterprises absorbing the growth in the labour force; the need to reduce discrimination against agriculture, which has taken the form of industrial protection, ceilings on agricultural prices, overvalued exchange rates and taxation of agricultural exports; the importance of improved transport and marketing.”

—Paul Streeten, The Economic Journal

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Book Description Taylor Francis Inc, United States, 2007. Paperback. Condition: New. New edition. Language: English . Brand New Book. This book brings together for the first time in a single volume a complete survey of the theoretical foundations of economic aid policies and a critical analysis of aid programs and practices. The book focuses on the contributions of familiar economic growth models and other economic and social theories of development to foreign aid practices, and provides a broad and penetrating overview of the economics of foreign aid. At the macroanalytical level, the author investigates the savings constraint and the foreign exchange constraint approaches and the models employed for determining the quantity of external capital required for achieving growth goals under varying economic conditions in the recipient economies. The author examines other approaches to aid requirements (including the capital absorptive approach), analyzes debt service capacity, and reviews various debt cycle models. The nature and significance of indicators of economic performance are investigated, and both theoretical and practical policy issues relating to the employment of aid as a means of influencing domestic policies are analyzed. In his final chapter, the author applies his theoretical conclusions to the formulation of an integrated approach to foreign aid, encompassing the major foreign assistance problems faced today. A clear and comprehensive text for every student of development economics, as well as the most thorough reference of its kind for professional economists, the book, a volume in the Aldine Treatises in Modem Economics series, will be useful to all who are concerned with the analysis, development, and execution of aid programs. Seller Inventory # AA69780202309682

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Book Description Taylor Francis Inc, United States, 2007. Paperback. Condition: New. New edition. Language: English . Brand New Book. This book brings together for the first time in a single volume a complete survey of the theoretical foundations of economic aid policies and a critical analysis of aid programs and practices. The book focuses on the contributions of familiar economic growth models and other economic and social theories of development to foreign aid practices, and provides a broad and penetrating overview of the economics of foreign aid. At the macroanalytical level, the author investigates the savings constraint and the foreign exchange constraint approaches and the models employed for determining the quantity of external capital required for achieving growth goals under varying economic conditions in the recipient economies. The author examines other approaches to aid requirements (including the capital absorptive approach), analyzes debt service capacity, and reviews various debt cycle models. The nature and significance of indicators of economic performance are investigated, and both theoretical and practical policy issues relating to the employment of aid as a means of influencing domestic policies are analyzed. In his final chapter, the author applies his theoretical conclusions to the formulation of an integrated approach to foreign aid, encompassing the major foreign assistance problems faced today. A clear and comprehensive text for every student of development economics, as well as the most thorough reference of its kind for professional economists, the book, a volume in the Aldine Treatises in Modem Economics series, will be useful to all who are concerned with the analysis, development, and execution of aid programs. Seller Inventory # AA69780202309682

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Book Description Taylor Francis Inc, United States, 2007. Paperback. Condition: New. New edition. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. This book brings together for the first time in a single volume a complete survey of the theoretical foundations of economic aid policies and a critical analysis of aid programs and practices. The book focuses on the contributions of familiar economic growth models and other economic and social theories of development to foreign aid practices, and provides a broad and penetrating overview of the economics of foreign aid. At the macroanalytical level, the author investigates the savings constraint and the foreign exchange constraint approaches and the models employed for determining the quantity of external capital required for achieving growth goals under varying economic conditions in the recipient economies. The author examines other approaches to aid requirements (including the capital absorptive approach), analyzes debt service capacity, and reviews various debt cycle models. The nature and significance of indicators of economic performance are investigated, and both theoretical and practical policy issues relating to the employment of aid as a means of influencing domestic policies are analyzed. In his final chapter, the author applies his theoretical conclusions to the formulation of an integrated approach to foreign aid, encompassing the major foreign assistance problems faced today. A clear and comprehensive text for every student of development economics, as well as the most thorough reference of its kind for professional economists, the book, a volume in the Aldine Treatises in Modem Economics series, will be useful to all who are concerned with the analysis, development, and execution of aid programs. Seller Inventory # BTE9780202309682

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