ABSTRACT

When the major aid organizations made flows of aid conditional on changes in policy, they prompted an extensive debate in development circles. Aid and Power has made one of the most significant and influential contributions to that debate. This edition has been revised to take account of changes within the World Bank itself and the extension of policy based lending to the formerly socialist economies of east and central Europe.

part I|61 pages

Background

part II|122 pages

The Dynamics of Policy Reform

chapter 3|31 pages

Conditionality as Bargaining Process

chapter 4|44 pages

Programme Design

chapter 5|45 pages

Implementation and Sustainability

part III|117 pages

Assessment of Effectiveness

chapter 7|33 pages

Regression-Based Results

chapter 8|55 pages

Model-Based Results

part IV|12 pages

Conclusions

chapter 9|10 pages

Summary of Argument and Policy Proposals