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Author: Oliver S. Saasa Publisher: Nordic Africa Institute ISBN: 9789171063991 Category : Business & Economics Languages : en Pages : 180
Book Description
Does aid work? This book examines this issue. But rather than trying to establish how effective aid has been, the focus is shifted towards one of the key determinants of effectiveness -- the aid relationship. The study looks at the relationship between Zambia and its donors and discusses the likely impact of aid in a country where poverty has become rampant and the international debt has reached unmanageable proportions.
Author: Oliver S. Saasa Publisher: Nordic Africa Institute ISBN: 9789171063991 Category : Business & Economics Languages : en Pages : 180
Book Description
Does aid work? This book examines this issue. But rather than trying to establish how effective aid has been, the focus is shifted towards one of the key determinants of effectiveness -- the aid relationship. The study looks at the relationship between Zambia and its donors and discusses the likely impact of aid in a country where poverty has become rampant and the international debt has reached unmanageable proportions.
Author: Victoria Chisala Publisher: LAP Lambert Academic Publishing ISBN: 9783844300031 Category : Languages : en Pages : 368
Book Description
Aid dependency is believed to act as an impediment to self-sustained development. The concept became important due to concerns for the lack of aid effectiveness in Africa, particularly among countries receiving high volumes of aid. It has been suggested that aid itself may be the problem. This book presents Zambia as a case of an aid dependent country. Aid dependency is defined, and the book shows how this may have an adverse effect on the course and the pattern of development. To begin with, the historical context of the development of the country s economy is analysed to establish the roots of this dependency. The financial and economic variables are then examined to establish the extent of aid dependency. Nevertheless, it is argued that aid dependency is more than a state of accounts. The debilitating effects extend to institutions responsible for economic policy-making including planning, budgeting and public finance management. Aid dependency also has serious implications for ownership and sovereignty, as the ability of policy makers to respond to the needs of the country is compromised by the dominance of donors in the aid relationship.
Author: Jones Bowa Publisher: GRIN Verlag ISBN: 3346257096 Category : Business & Economics Languages : en Pages : 64
Book Description
Master's Thesis from the year 2016 in the subject Economics - Case Scenarios, grade: Great Distinction, University of Antwerp (Institute of Development Policy and Management (IOB)), language: English, abstract: The paper investigates the relationship between foreign aid and government fiscal behavior. An overview of the global trend of foreign aid flows over the last few decades is provided, as well as literature and research on fiscal response studies that have aimed to examine how these aid flows influence the fiscal decisions of aid recipient governments. The paper assesses the impact of foreign aid flows on fiscal aggregates, taking into focus the case of Zambia. In particular, the paper goes into detail examining how government investment, consumption, revenue, and domestic borrowing are associated with both aggregated and disaggregated aid. The paper adopts a quantitative approach in its analysis. A Vector Error Correction approach was used to estimate the relationship between foreign aid and fiscal aggregates data for Zambia over the period 1970-2014. The econometric estimation used annual data and analyzed both short-run and long-run effects. The following were the findings: Foreign aid flows were found to be positively associated with government investment, consumption, and domestic borrowing. While government revenue was negatively associated with foreign aid. In the short-run, it was observed that grants were used to reduce the level of the country’s domestic debt stock. Whereas, net foreign loans were seen as a substitute for domestic revenues and were used to finance the budget deficit. The paper concluded by providing a number of recommendations that suggested improvement in government’s revenue mobilization efforts, effective management of the country’s domestic debt, and the deliberate action to direct revenue resources towards investment expenditure. In order to achieve sustained growth and ensure the effective use of aid, donor partners were recognized as important actors in supporting the government’s fiscal policy direction. There has been high momentum in the scaling up of foreign aid in recent years. The turn of the millennium saw calls by the development community to increase foreign aid to developing countries so as to assist them in attaining the Millennium Development Goals. The mechanisms through which foreign aid flows are transmitted to recipient countries require that the aid resources are channeled through the government. Thus, for foreign aid to have any meaningful impact is highly dependent on how governments respond to inflows of aid.
Author: Daniel Tonga Publisher: GRIN Verlag ISBN: 3346101975 Category : Business & Economics Languages : en Pages : 85
Book Description
Master's Thesis from the year 2019 in the subject Economics - Case Scenarios, University of Lusaka (University of Lusaka UNILUS), course: Economics and Finance, language: English, abstract: This research study has analyzed the effects of foreign aid in promoting economic growth in Zambia. The study used available data in Zambia from 1986 – 2018. The study adopted the ARDL model for investigating the short and long time relationship between foreign aid and Gross Domestic Product GDP. The hypothesis of foreign aid having an effect on economic growth was explored and examined. This study sought to archive the following objectives: To establish whether there is a connection between foreign aid and economic growth in Zambia and determine whether foreign aid significantly contributed to Zambia’s economic growth in the period under review. For policy implications, this study also analyzed the determinant of economic growth in Zambia over the same period. The results clearly revealed a positive relationship between foreign aid and Zambia’s economic growth in a given period that was under investigation. The findings in this study affirm that foreign aid may be important in promoting economic growth. This study also asserts that foreign aid may be effective in improving the quality and lives of people if used effectively. Thus, the outcome of this study recommends that foreign aid be directed towards the promotion of investment because its proper use can promote and boots the country’s economic growth. For policy implications, this study also found that independent variables such as Foreign Direct Investment FDI, Population Growth, Government Expenditure and Consumer Price Index as important and determinants of economic growth in Zambia over the same period. Thus, this study found that important drivers of economic growth included foreign aid inflow, population growth, investment whilst government expenditure and inflation affected GDP negatively, thus their impact was insignificant and negligible. This study furthers found efficiency and effectiveness of programs by government supported by foreign aid being effective to promote growth, hence, the reason why it is important for traditional donors to support government in many sectors.
Author: Oliver S. Saasa Publisher: Nordic Africa Institute ISBN: 9789171064899 Category : Business & Economics Languages : en Pages : 148
Book Description
Zambia, a once prosperous African country, now has 73 per cent of its people below the poverty line and by the early 1990s, the country was included on the list of the least developed countries. Despite significant aid volumes and structural reforms, the country is getting deeper and deeper into poverty. What is the missing link between aid and positive change? Is the problem mainly that the volume of aid is not sufficient and, as is often heard, more of it would make a difference? Has the sluggish social and economic progress in Zambia been appropriately diagnosed and correct remedies and strategies prescribed? This book attempts to address these and related questions.
Author: Per-Åke Andersson Publisher: Nordic Africa Institute ISBN: 9789171064622 Category : Business & Economics Languages : en Pages : 144
Book Description
A study which discusses the structural problems in Zambia and the policies of adjustment that have been tried. It also analyses the impact of various strategies with regard to external resource transfers. The results show that the scope for growth is highly dependent on the tightness of the external resource constraint, and that debt service tends to dominate the policy-making.
Author: Phyllis R. Pomerantz Publisher: Lexington Books ISBN: 9780739110034 Category : Business & Economics Languages : en Pages : 188
Book Description
A significant contribution to the ongoing debate on aid effectiveness, Aid Effectiveness in Africa starts from the premise that money alone will not bring sustained development to Africa. With grounding in years of experience and fieldwork, Phyllis R. Pomerantz examines the relationship between aid donors and recipients and the extent to which trust is present in today's aid environment. Pomerantz concludes that there are serious gaps, created in part by a striking lack of knowledge of the African context and culture on the part of the donors, and troublesome institutional constraints that make it difficult for aid agencies to change the way they operate. Joining the urgent call to transform aid agencies and increase aid effectiveness, and eschewing pat solutions and simple formulae, the book offers realistic recommendations and provides an eloquent argument for further, far-reaching reform.
Author: Shantayanan Devarajan Publisher: World Bank Publications ISBN: 9780821346693 Category : Business & Economics Languages : en Pages : 724
Book Description
Finally, when the country enters the second generation of reforms, such as public sector institutional reform, short-term, conditionality-based aid can once again be harmful - by reducing ownership, participation, and sustainability of the reform process."--BOOK JACKET.
Author: Paul Collier Publisher: Springer ISBN: 1349150681 Category : Business & Economics Languages : en Pages : 391
Book Description
This book brings together academics in the fields of economics, political science, and law, with business practitioners in the fields of risk assessment and portfolio management. Their contributions are sequenced to tell a story. Africa is perceived as being a highly risky continent. As a result, investment is discouraged. These risks are partly exaggerated. However, to the extent that they reflect genuine problems, they are capable of being mitigated by insurance and reduced by political restraints such as central banks, investment charters, and international agreements.
Author: Oliver S. Saasa
Author: Oliver S. Saasa
Author: Victoria Chisala
Author: Jerker Carlsson
Author: Jones Bowa
Author: Daniel Tonga
Author: Oliver S. Saasa
Author: Per-Åke Andersson
Author: Phyllis R. Pomerantz
Author: Shantayanan Devarajan
Author: Paul Collier