Postcolonial Exploitation Through Economic Development Tools: A Case Study On France And The Ivory Coast, Keshav R. Prabhu-Schlosser

Senior Projects Spring 2019

Abstract: French monetary control over their colonies in Africa did not decrease after decolonization. Instead, the monetary union, the CFA Franc Zone set the stage for French domination of West Africa for decades to come through their control of pricing and exchange rates. This dominion causes repeated economic downturns, which the governments of the CFA countries are unable to counteract due to the monetary and fiscal restrictions placed upon them through the currency union. These downturns are only offset by repeated injections of capital, which can only come from abroad. In a case study of France and the Ivory Coast, …

Determinants Of Usaid Spending, Austin J. Moser

Stevenson Center for Community and Economic Development—Student Research

This paper examines the determinants of USAID’s foreign aid disbursements from 2002-2016. Three noteworthy findings emerge. First, USAID foreign aid is based more on political considerations rather than the policies of recipient countries. Second, foreign aid is determined by location and political history. Third, this pattern emerges across all categories of USAID disbursements.

Aiding To Repair: An Analysis On The Impact Of Foreign Aid In Rwanda After The 1994 Genocide, Mary Atta-Dakwa

International Relations Honors Papers

Between April 1994 to July 1994, about 1 million Hutus and Tutsis were murdered in the Rwandan genocide. The genocide not only severely declined the population of Rwandans, but largely impacted its infrastructure, government, and economy. After the genocide, about $15 billion US dollars was sent to provide humanitarian aid. Post-genocide Rwanda has seen a significant growth in its economy; however, speculators may question if the economic growth is attributed to the foreign aid it received after the 1994 genocide. This paper seeks to examine the impact of foreign aid on post-war reconstruction on Rwanda as a case study.

The Opportunity Cost Of Violence: An Analysis Of The Relationship Between Foreign Aid And Terrorism In Sub-Saharan Africa, Brendan T. Byrne

Senior Projects Spring 2018

Senior Project submitted to The Division of Social Studies of Bard College.

A Targeted Approach? A Study Of Ngo Roles And Practices In Promoting Economic Development, Emma Shoaf

Mahurin Honors College Capstone Experience/Thesis Projects

In recent years, Non-Governmental Organizations (NGOs) have become key actors promoting economic development. Despite their rapid rise, there are still significant gaps in the development sphere regarding what NGOs do in specific contexts. This research evaluates how NGOs promote economic development among Palestinian refugees in Lebanon to give context to general trends within development literature. Through an in-depth case study of the NGO Cives Mundi and their recent development project Tatreez–focused on promoting economic empowerment among Palestinian refugee women through the formation of a weaving co-op–this study seeks to evaluate key advantages and disadvantages to NGO work in specific …

Is All Foreign Aid The Same? : An Empirical Comparison Of The Effect Of Multilateral And Bilateral Aid On Growth, Scott B. Jeffrey

Undergraduate Economic Review

Despite decades of research on foreign aid, there is little to no consensus on foreign aid’s effect on growth. While most in the field study recipient country characteristics, such as institutional quality, this paper also breaks down foreign aid by donor characteristics, specifically by bilateral and multilateral donors. Since about 75% of foreign aid is bilateral, my bilateral findings are in line with previous literature that finds high institutional quality key (Burnside and Dollar 2000; 2004), but I find that multilateral aid works best in low-income countries with poor policy environments, due, perhaps, to lacking political goals of donor countries.

Foreign Aid And Economic Growth: A Post-Soviet Analysis Of Emerging Markets, Brett Michaelson

Stevenson Center for Community and Economic Development—Student Research

This paper examines the relationship between economic growth and aid receipts per capita in a post-Soviet world. Utilizing economic growth models and assumptions developed by Burnside and Dollar (2000), I find that general sources of foreign aid are detrimental to a country's economic growth. I find that net ODA per capita acts as a substitute for local government investment in pro-growth policies. As such, foreign aid should only be used in targeted and specific cases.

Foreign Capital Flows And Economic Growth In Pakistan: An Empirical Analysis, Sharafat Ali

Sharafat Ali

Pakistan economy has received large inflows of foreign capital, in shape of foreign debt, FDI and worker’s remittances, over the years. The present study is focused on the examination of effects of these flows on economic growth in Pakistan. Johansen cointegration technique and Granger causality test has been used for the analysis for the sample period of 1972-2013. The results reveal negative impacts of these flows on economic growth of the economy in long run. Short run analysis confirmed unidirectional causality running from debt service, FDI, inflation and literacy rate to growth. Causality from domestic investment is not concluded but …

Do Foreign Direct Investment And Foreign Aid Promote Good Governance In Africa?, Adugna Lemi, Blen Solomon, Sisay Asefa

Adugna Lemi

The literature on the roles that governance/political and economic stability play to attract capital flows into African economies has been burgeoning. Good governance, liberalization, infrastructure, incentive packages have been regarded as cures to break the deadlock to reverse the economic plight, to attract inflow of capital and, in some cases, to reverse outflows of African economies. The flow of capital, however, has undesirable side effects on host economies’ working conditions, environmental standard, inequality, and culture, among others. These economic and social external or negative spillover effects are due to the phenomenon of “race-to-the-bottom” where companies invest in economies with lax …

Do Foreign Direct Investment And Foreign Aid Promote Good Governance In Africa?, Adugna Lemi, Blen Solomon, Sisay Asefa

International Journal of African Development

The literature on the roles that governance/political and economic stability play to attract capital flows into African economies has been burgeoning. Good governance, liberalization, infrastructure, incentive packages have been regarded as cures to break the deadlock to reverse the economic plight, to attract inflow of capital and, in some cases, to reverse outflows of African economies. The flow of capital, however, has undesirable side effects on host economies’ working conditions, environmental standard, inequality, and culture, among others. These economic and social external or negative spillover effects are due to the phenomenon of “race-to-the-bottom” where companies invest in economies with lax …

The Curse Of Windfall Income: How Foreign Aid And Natural Resource Dependence Constrains Growth, Adams Bailey Nager

All Theses and Dissertations (ETDs)

Literature exists on two ‘curses,’ the natural resource curse and the curse of foreign aid, which limit growth in developing nations. At their core, both the natural resources curse and the curse of aid derive from the same root cause- the curse of windfall income. The windfall curse is a macroeconomic side-effect that negates the positive effects of unearned capital by raising domestic prices and lowering competitiveness. While windfall income creates growth in a countries service sector, it represses growth in the manufacturing sector. These trends help explain the inability of both foreign aid and natural resources to fuel sustained …

A Study Of Corruption, Foreign Aid, And Economic Growth, Amanda Deerfield

Theses and Dissertations--Public Policy and Administration

Foreign aid donors increasingly demand that aid is used efficiently and effectively. This study examines the effect of corruption levels, measured by the Corruption Perceptions Index, within a recipient country on the levels of economic growth. A growing literature outlines the mechanisms through which corruption impedes economic growth and is summarized within. Additionally, as longevity gains may result from foreign aid but are not captured in economic growth, this study computes a variable called the Life Quality Indicator (LQI) that combines such gains with economic growth and examines corruption’s effect on LQI growth. As any windfall, foreign aid has been …

Providing Aid To Fragile Or Failed States: A Short Argument For Moderation, Anthony H. Miller

Pepperdine Policy Review

No abstract provided.

The Money-Moving Syndrome And The Effectiveness Of Foreign Aid, Nara Françoise Kamo Monkam

Economics Dissertations

This dissertation examines in depth one of the potential causes of the low performance of foreign aid; in particular, the role incentive structures within international donor agencies could play in leading to “a push” to disburse money. This pressure to disburse money is termed as the “Money-Moving Syndrome”. In this dissertation, the “Money Moving Syndrome” exists when the quantity of foreign aid committed or disbursed becomes, in itself, an important objective side by side or above the effectiveness of aid. The theoretical analysis relies on the principal-agent theory to explore how donor agencies’ institutional incentive systems may affect the characteristics …

Determinants Of Institutional Quality In Sub-Saharan African Countries, Eyerusalem G. Siba

International Conference on African Development Archives

In this study, a number of factors have been considered as potential determinants of institutional quality in sub-Saharan African countries. The empirical analysis has shown that historical factors such as state legitimacy determine the quality of current institutions in the region. Foreign aid dependence is found to erode quality of governance as measured by rule of law, government effectiveness and control of corruption. Variability of aid is found to counterbalance the destructive nature of high level of aid dependence. However, the last result is not retained in the robust regression analysis performed. Countries with strong political constraints on the ruling …

Fiscal Response To External Finance: The Case Of Sub-Saharan Africa, Dawit Senbet, Aberra Senbeta

International Conference on African Development Archives

The importance of capital accumulation for economic growth and hence development was widely recognized long time ago. However, developing countries - especially Sub-Saharan African countries, are still trapped in ‘vicious circle of poverty’ and failed to finance desired level of investment from their own domestic savings. Earlier models of development argued that these countries would come out of stagnation only if they got assistance from the developed world (Rodan 1961, and Chenery and Strout 1966). The two-gap model of Chenery and Strout (1966) showed that these countries are constrained with little domestic savings and foreign exchange earnings. The model predicted …

Do Foreign Direct Investment And Foreign Aid Promote Good Governance In Africa?, Adugna Lemi, Blen Solomon, Sisay Asefa

International Conference on African Development Archives

The literature on the roles that governance/political and economic stability play to attract capital flows into African economies has been burgeoning. Good governance, liberalization, infrastructure, incentive packages have been regarded as cures to break the deadlock to reverse the economic plight, to attract inflow of capital and, in some cases, to reverse outflows of African economies. The flow of capital, however, has undesirable side effects on host economies’ working conditions, environmental standard, inequality, and culture, among others. These economic and social external or negative spillover effects are due to the phenomenon of “race-to-the-bottom” where companies invest in economies with lax …

Foreign Aid, Fdi And Economic Growth In East European Countries, Kamal P. Upadhyaya, Gyan Pradhal, Dharmendra Dhakal, Rabindra Bhandari

Economics & Business Analytics Faculty Publications

This paper examines the effectiveness of foreign aid and foreign direct investment in the Czech Republic, Estonia, Hungary, Latvia, Lithuania and Poland. The model includes the labor force, capital stock, foreign aid and foreign direct investment, and is estimated using pooled annual time series data from 1993 to 2002. Before carrying out the estimation, the time series properties of the data are diagnosed and an error-correction model is developed and estimated using a fixed-effects estimator. The results indicate that an increase in the stock of domestic capital and inflow of foreign direct investment are significant factors that positively affect economic …

Economic Development In Nepal: Issues And Strategies, Ambika P. Adhikari, Kunjar M. Sharma

Himalayan Research Papers Archive

No abstract provided.