One would think that what is true for Africa should be true elsewhere as well and indeed it is: A 2006 paper titled "Foreign Aid, Income Inequality and Poverty," from the research department of the Inter-American Development Bank came to the same conclusion regarding aid to Latin America that empirical research shows that aid is ineffective either in "achieving economic growth or promoting democratic institutions."
One would think that what is true for Africa should be true elsewhere as well and indeed it is: A 2006 paper titled "Foreign Aid, Income Inequality and Poverty," from the research department of the Inter-American Development Bank came to the same conclusion regarding aid to Latin America that empirical research shows that aid is ineffective either in "achieving economic growth or promoting democratic institutions."
