The Effectiveness of Aid in Developing Countries: Does Aid Work?

Abstract

This paper focused on the effectiveness of foreign aid in developing countries. The background of the paper is that as a developing country received and continues to accept foreign aid but is still underdeveloped. The effectiveness of aid can only be addressed if people’s livelihoods are changed. This research is conducted by a qualitative point of view. Secondary data is collected from available books, publications, research studies, journals, websites, and articles. The findings show that aid is effective for the developing countries for ensuring economic growth and increasing human development rate. Keywords: Aid, Bilateral Aid, Multilateral Aid, Developing Country DOI : 10.7176/IAGS/75-02 Publication date : August 31 st 2019