Development impact of economic assistance to LDCs

It does so by providing a survey of the literature on developmental assistance and its effectiveness. There are four main parts of the survey: (1) the macroeconomic aspects of the impact of developmental assistance on economic growth, including the relationships between trade policy and development; (2) the microeconomic aspects of development assistance; (3) lessons that have emerged from experience in agricultural and rural development; and (4) case studies of the aid experience in five countries. The study includes the impact of multilateral assistance, bilateral assistance (primarily by the U.S.) and assistance by private foundations. The primary focus of the study is on the impact of development assistance on economic growth, with less attention is given to the impact of assistance on other development objectives. No attention is paid to foreign policy objectives such as the effectiveness of assistance in maintaining a friendly government in power. (Author abstract, modified)