The Future of Development Assistance (Policy Essay) - Softcover

Kanbur

Softcover

ISBN 10: 1565170261 ISBN 13: 9781565170261

Publisher: John Hopkins University Press, 1999

Synopsis

This essay focuses on the future of multilateral development assistance, in light of the lessons of aid effectiveness in the last 50 years and bearing in mind emerging development issues. It examines the rationale for multilateral forms of assistance, going back to the Bretton Woods conference, and argues that the multilateral approach has been successful in some areas, such as pooling of lending risks, but not in others, such as controlling free-rider problems through common conditionality. For emerging development issues, particularly those of international public goods, multilateralism seems to be the logical venue for co-ordination. However, the free-rider problems of the past will be present even more strongly in this arena and these need to be taken into account in designing institutions of the future. The essay concludes by suggesting reform of the multilateral assistance system to make it a more effective global instrument for dealing with the development problems of the next century.

About this title

About the Author

.Ravi Kanbur is T.H. Lee Professor of World Affairs at Cornell University. Todd Sandler is Distinguished Professor of Economics at Iowa State University.

Edition details

• Publisher: John Hopkins University Press
• Publication date: 1999
• Language: English
• ISBN 10: 1565170261
• ISBN 13: 9781565170261
• Binding: Paperback
• Number of pages: 118