While past studies had conflicting conclusions regarding the impact of foreign aid on growth and development of a nation, recent studies have tried to delve deeper into the question, ‘what makes aid work?’ (see, Dutta, Leeson, and Williamson, 2013; Burnside and Dollar, 2000, 2004; Svensson, 1999)....

This article investigates the role of political institutions and culture in creating an efficient financial infrastructure for a country. It further delves into this relationship and addresses the question: do both types of institutions mentioned above affect financial development of a country,...

1. Introduction -- 2. Foreign Aid Conditionality and Economic Growth -- 3. Types of Aid -- 4. An Effectiveness, Efficiency, and Equity Approach to Examining Subnational Health -- 5. Evaluating Aid Agencies: Challenges, Comparisons, and Causes of Best Aid Practices -- 6. What Influences World...

Foreign aid effectiveness has been a hugely explored topic in the economic development and political economy literature. In spite of disagreements in the literature with regard to aid effectiveness, it can be undisputedly argued that aid is an important source of capital for many recipient...

Foreign aid’s impact on recipients' institutions is a much-researched topic. Does foreign aid have the power to affect political and economic institutions? Many studies have characterized aid’s impact on institutional quality as being detrimental; however, there are counter arguments and...