The Journal of Policy Reform · 2002 · 462 citations · 56 references
Social SciencesPublic AdministrationPublic PolicyDecentralizationPolitical EconomyPublic EconomicsBureaucracyBureaucratic PoliticsDecentralization PolicyDevelopment AidForeign AidNew AidDecentralized PolicymakingEquilibriumEx Post EvaluationForeign Aid FlowsPolitical Economy Of Aid
Well-meaning national and international bureaucracies dispense foreign aid under conditions in which bureaucracy fails. The environment that created aid bureaucracies led those organizations to (a) define their output as money disbursed rather than service delivered, (b) produce many low-return observable outputs (glossy reports and "frameworks") and few high-return less observable activities like ex - post evaluation, (c) engage in obfuscation, spin control, and amnesia (always describing aid efforts as "new and improved") exhibiting little learning from the past, (d) put enormous demands on scarce administrative skills in poor countries. To change this unhappy equilibrium, policymakers in rich and poor countries should experiment with decentralized markets, matching those who want to help the poor with the poor themselves freely expressing their needs and aspirations.
56
A Survey of Corporate Governance
Andrei Shleifer, Robert W. Vishny · The Journal of Finance · 1997 · 16.2K citations · Full text
The Journal of Law Economics and Organization · 1999 · 5.7K citations · Full text