Does foreign aid work?

Comparing types of foreign aid. Some interesting facts and conclusions.

From PAP: If you ask whether development aid is effective, it depends on what kind of aid you’re talking about, and on what you understand by effectiveness. If by effectiveness you mean that development aid should foster economic growth, you’re probably right to say it’s ineffective. But if you say that aid should solve some very specific problems such as a disease or the consequences of a disaster or a famine, then it can be very effective. More...