Foreign Assistance Meta-Study

From one of our best sources here in-house, a thought-provoking counterpoint to the conventional wisdom on foreign assistance. Key quote:

“We find little robust evidence of a positive (or negative) relationship between aid inflows into a country and its economic growth. We also find no evidence that aid works better in better policy or geographical environments, or that certain forms of aid work better than others. Our findings suggest that for aid to be effective in the future, the aid apparatus will have to be rethought.”