Download or read book Overcoming Stagnation in Aid-dependent Countries written by Nicolas Van de Walle and published by Thomas Brothers Maps. This book was released on 2005 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: For 50 years, foreign aid has been the central policy instrument with which the international community has promoted economic development. The main justification for aid has always been that the poorest countries could not develop without it. But does Foreign aid work? This book argues that large new infusions of foreign aid will largely be wasted unless the current agenda of reform is pushed forward much more aggressively. It offers a concrete a set of proposals for the international community to promote economic development.