AID IN THE DEVELOPMENT PROCESS
- 1 January 1986
- journal article
- research article
- Published by Oxford University Press (OUP) in The World Bank Research Observer
- Vol. 1 (1) , 57-78
- https://doi.org/10.1093/wbro/1.1.57
Abstract
This article examines the economic effects of aid and the relationships among private capital flows, official flows, and concessional assistance. It considers whether official and concessional flows improve the welfare of both recipient and grantor, and it outlines the economic rationale for concessional assistance. The impact of aid on a recipient's growth performance is analyzed, and some criticisms of aid are evaluated.Keywords
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