In the end, a country’s progress depends almost entirely on its domestic policies and institutions, not on outside factors such as foreign aid. Policymakers should recognize that foreign aid has not caused the worldwide shift toward the market and that appeals for more foreign aid, even when intended to promote the market, will continue to do more harm than good.

More on Foreign Aid

Commentary

Egypt Needs Free Trade, Not More Aid

By Doug Bandow. National Interest (Online). January 27, 2014.

Political Dysfunction in the Philippines Is Hurting Haiyan’s Victims

By Jennifer Keister. Washington Post. November 15, 2013.

For President Obama and Congress to Subsidize Egypt Today Is to Underwrite Murder

By Doug Bandow. Forbes. August 19, 2013.

Cato Studies

Solving Egypt’s Subsidy Problem

By Dalibor Rohac. Policy Analysis No. 741. November 6, 2013.

The False Promise of Gleneagles: Misguided Priorities at the Heart of the New Push for African Development

By Marian L. Tupy. Development Policy Analysis No. 9. April 24, 2009.

A Second Look at Microfinance: The Sequence of Growth and Credit in Economic History

By Thomas Dichter. Development Briefing Paper No. 1. February 15, 2007.

Events

Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa

Featuring Ian Vásquez. April 3, 2009. Book Forum.

Foreign Aid and the Weakening of Democratic Accountability in Uganda

Featuring . October 18, 2006. Policy Forum.

Corruption in Kenya

Featuring Marian L. Tupy. March 29, 2006. Policy Forum.