Description: This book brings together for the first time in a single volume a complete survey of the theoretical foundations of economic aid policies and a critical analysis of aid programs and practices
Review Quotes:
"Professor Mikesell's book on the economics of foreign aid is a useful addition to the existing literature on the subject. The book includes a discussion of the objectives of aid, foreign-aid theories and strategies, the forms of aid, debt burdens, and aid burdens, and it examines the various choices faced by the aid-giving countries, such as bilateral vs. multilateral aid, project vs. program assistance, and hard vs. soft loans."
--Bela Balassa, The Journal of Finance
"[Mikesell] brings his sound and experienced judgment to bear critically on the theories underlying the calculation of aid requirements and the practical criteria used in the granting of aid. . . . [T]his book offers a solid and thoughtful discussion of the economics of foreign aid, and it will be a welcome addition to the library of those who must either teach about foreign aid or administer it."
--Richard N. Cooper, The American Economic Review
"Mikesell's main criticisms of development strategy are now widely accepted: the impossibility of industrial enterprises absorbing the growth in the labour force; the need to reduce discrimination against agriculture, which has taken the form of industrial protection, ceilings on agricultural prices, overvalued exchange rates and taxation of agricultural exports; the importance of improved transport and marketing."
--Paul Streeten, The Economic Journal