ABSTRACT
This paper deals with the evaluation of development policy from a broad perspective. More specifically, it will try to illustrate alternative ways to evaluate development policy options than the project evaluation techniques and country studies most commonly used in practice (see Chapters 7 and 8, this volume). Attention will in particular be focused on the issue of the extent to which alternative methodologies can be employed to ascertain whether the transfer of financial resources as a development policy instrument is 'efficient' relative to other instruments. The exercises carried out with the help of global simulations are examples of this policy evaluation approach.
