Economic Growth and the Role of Foreign Aid in Selected African Countries

Foreign Aid and Governance in Africa

“…While, these results are broadly in accordance with Moyo (2009) and Collier (2007) on weak governance, they neither confirm the Eubank (2012) The results on the negative linkages are also broadly in line with recent development literature (Wamboye et al, 2013;Marglin, 2013;Banuri, 2013;Titumir & Kamal, 2013;Krause, 2013;Ghosh, 2013;Monni & Spaventa, 2013). Indeed, the stance of Amin (2014) on neocolonialism governing aid is in accordance with Ndlovu-Gatsheni (2013) on the entrapment of the continent within the global colonial webs of power or Kindiki (2011) on the imperative for countries on the African continent to strategically overcome dependence on international regimes (Asongu, 2014a).…”

“…According to the author, aid creates dependency, increases poverty and weakens domestic governance. Whereas the motivations of her work have inspired a recent strand of the literature (Banuri, 2013;Marglin, 2013;Wamboye et al, 2013;Asongu, 2012aAsongu, , 2013aAsongu & Jellal, 2013;Ghosh, 2013;Krause, 2013;Asongu, 2014a;Titumir & Kamal, 2013;Monni & Spaventa, 2013), there has also been a lot of criticisms on the foundations of her position. In essence, some of the classic concerns she tackles are clouded with missing links; the nexus between accountability and aid; the way in which she uses aid to substantiate her stances (especially the confusion between correlation and causality in the aid-growth relationship).…”

Increasing Foreign Aid for Inclusive Human Development in Africa

“…In the light of evidence that poverty has been decreasing in all regions of the World with the exception of Africa, where about 45 percent of countries in Sub-Saharan Africa did not achieve the MDG extreme poverty target, this study has assessed whether increasing Whereas the positive impact of development assistance is in accordance with a recent strand of optimistic literature (see Kargbo & Sen, 2014;Brempong & Racine, 2014;Asiedu, 2014), the negative effects of foreign aid are in line with a pessimistic strand of the literature (see Monni & Spaventa, 2013;Marglin, 2013;Titumir & Kamal, 2013;Wamboye et al, 2013). It follows that the development outcomes of foreign aid remain open to debate in empirical literature.…”

“…Whereas there are optimistic views on the outcomes of development assistance when effective policies are designed and adequate transmission channels considered (see Gyimah-Brempong & Racine, 2014;Kargbo & Sen, 2014;Asiedu, 2014), there are also perspectives in the literature that are pessimistic on the role of development assistance in African development (Marglin, 2013;Obeng-Odoom, 2013;Titumir & Kamal, 2013;Monni & Spaventa, 2013;Wamboye et al, 2013;Ghosh, 2013;Krause, 2013;Banuri, 2013).…”

The Evolving Debate on the Effect of Foreign Aid on Corruption and Institutions in Africa

“…In essence, there has been a recent stream of studies raising doubts about the mechanisms by which foreign aid is governed (Banuri, 2013;Krause, 2013;Wamboye et al, 2013;Ghosh, 2013;Marglin, 2013;Titumir & Kamal, 2013;Monni & Spaventa, 2013). Some accounts in the narrative present a picture of foreign aid being governed by neo-colonialism (Amin, 2014).…”