The traditional aid-to-investment-to growth linkages are not very robust, especially for African economies. Aid does not necessarily finance investment and investment does not necessarily promote growth. Differences in economic policy, on the other hand, can explain much of the difference in...

Aid does not necessarily finance investment, and investment does not necessarily promote growth. But the combination of private investment, good policies, and foreign aid is quite powerful. When societies themselves take the lead in putting growth-enhancing policies in place, foreign aid can...

Those involved in the Millennium Development Goal (MDG) campaign routinely state Africa will miss all the MDGs. This paper argues that a series of arbitrary choices made in defining success or failure as achieving numerical targets for the Millennium Development Goals made attainment of the MDGs...

Those involved in the millennium development goal (MDG) campaign routinely state ‘‘Africa will miss all the MDGs.” This paper argues that a series of arbitrary choices made in defining ‘‘success” or ‘‘failure” as achieving numerical targets for the MDGs made attainment of the...