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Going Beyond Averages
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M.G. Quibria, World Economics, March 2013
One of the persistent, unresolved controversies of economic development is the effectiveness of development assistance – whether foreign aid contributes to economic development. This article argues that this controversy is largely an artefact of a methodology that focuses on the ‘averages’ and pays inadequate attention to the specific characteristics of individual societies. For enhancing aid effectiveness, one needs to discard the one-size-fits-all approach, and adopt a more nuanced, tailor-made strategy based on a comprehensive understanding of specific countries.

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