In well-functioning markets, new ventures either succeed or fail. In contrast, up to 2005, all aid agencies created since 1945 were still in existence (see the book on Aid by Harford and Klein here and here). Given its nature, the aid system exists in an arena that is not subject to the invisible hand of efficient markets. For years the questions asked were, how much aid, and … [Read more...] about The M in M&E: Ugly Duckling or Swan?
aid effectiveness
What is different about development assistance? A simple show of words…
A prevailing element of discussion leading to a consensus document at the Fourth High Level Forum on Aid Effectiveness in Busan, Korea was how to bring China, Brazil and India into the post-Busan process. Throughout the meeting, the reality of the new development architecture was showcased. That is, traditional donors are still mired in a financial crisis that has restricted … [Read more...] about What is different about development assistance? A simple show of words…