Was Development Assistance a Mistake?

The article presents an analysis on the history of economic assistance and the changing patterns and theories on how aid is best administered. A quote from the Barcelona Development Agenda, a group of highly regarded economists, explains the intangible nature of sustaining growth and the variation and different circumstances in underdeveloped countries. The authors state that economists recognize free markets and good institutions are key factors of development, but do not know how to achieve them.

Was Development Assistance a Mistake?’, WilliamEasterlyAEA Papers and Proceedings, 97(2) (2008): 328–332. Published by American Economic Association. Reprinted with permission.
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