Aid and Growth: The Policy Challenge

Rajan, Raghuram
December 2005
Finance & Development;Dec2005, Vol. 42 Issue 4, p53
Academic Journal
The article presents the views of the author regarding the economic aid for countries with high poverty rates in Latin America. The author claimed that aid leads to growth only in countries that have good governance. Rich countries and international financial institutions can help through making policies that broadly meet the requirements. The author suggested that strengthening the economic growth in poor countries is another way to the get low-income countries out of poverty.


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