Aid and Inequality

The longstanding debate on aid effectiveness has failed to produce conclusive evidence that aid promotes economic growth. This sad result of 40 years of research still leaves some hope. This column argues that foreign aid could help improve economic conditions of the poorest population segments and narrow income gaps. However, the data seems to indicate aid has actually widened the gap between the rich and the poor.

 

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The longstanding debate on aid effectiveness has failed to produce conclusive evidence that aid promotes economic growth. This sad result of 40 years of research still leaves some hope. This column argues that foreign aid could help improve economic conditions of the poorest population segments and narrow income gaps. However, the data seems to indicate aid has actually widened the gap between the rich and the poor.

 

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