Aid, Growth and Macroeconomic Management / UNU-WIDER ReCom Seminar скачать в хорошем качестве

Aid, Growth and Macroeconomic Management / UNU-WIDER ReCom Seminar

More about ReCom: http://www.wider.unu.edu/recom A key focus of ReCom -- Research and Communication on Foreign Aid in 2011 was "Aid, growth and the macroeconomic management" -- motivated in part by the scepticism surrounding aid's impact regularly found in the academic and public press. This includes, for example, Dambisa Moyo's recent book entitled "Dead Aid: Why Aid is not Working". ReCom has investigated whether such views are well founded -- and the broad answer is no. UNU-WIDER carried out a series of studies using different analytical methodologies, and a consistent aid-growth picture is emerging. It shows that the aggregate impact of aid on growth corresponds pretty well to the positive result one would expect based on current economic theory. In addition, when this aggregate impact is "unpacked" it becomes clear that that aid has a significant impact on key development outcomes such as growth and poverty reduction. There are many myths in the aid literature. One of them is the so-called micro-macro paradox. We show that, in practice results at the project and macro levels are actually consistent in showing positive impact of aid on average in the long run. At the same time, modesty is called for. Aid has helped, but many challenges remain.