The Vietnamese privatisation programme, launched in 1992, differs from usual Western privatisation programmes in terms of the residual percentage of shares owned by the state and the portion of shares transferred to insiders. This begs the question whether these differences influence the effects...

The World Bank report Assessing Aid assumes that an inflow of aid, above a certain level, starts to have negative effects. In this analysis we empirically test this assumption. We find evidence for negative returns to aid at high levels of aid inflows. However, the results are sensitive to both...

The publication of the Assessing Aid report of the World Bank in 1998 has stimulated the debate on the future of development aid and aid policies. This collection contains a number of studies that aim to contribute to this debate. In this introduction we put the discussion on the future of...