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| Author: | Erixon, F. |
| Title: | Poverty and recovery: the history of aid and development in East Africa |
| Journal: | Economic Affairs
2003 : DEC, VOL. 23:4, p. 27-33 |
| Index terms: | Aid Economic growth Poverty Africa Kenya Tanzania Uganda |
| Language: | eng |
| Abstract: | Poor countries are believed to be trapped in a vicious circle of poverty where low incomes lead to low savings and insufficient resources for investments. Foreign aid is supposed to boost investment and link poor countries to a virtuous circle of growth. But real per capita growth has not been present in the modern history of Kenya and Tanzania - even though foreign aid has increased many times over. Does the recent history in Uganda pave the way for new principles of efficient aid, or is it just a rare occasion of aid-induced behavioural change? |
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