The political economy of the ‘recurrent cost problem’ in the West African Sahel |
| |
Authors: | Clive Gray André Martens |
| |
Institution: | Harvard Institute for International Development, Cambridge, Mass.,USA;Centre de Recherche en Développement Économique, Montreal, Canada |
| |
Abstract: | The syndrome of development projects in agriculture and the social sectors languishing after completion of their foreign-aided establishment phase, due to lack of host government budget support, is particularly characteristic of, though by no means limited to, the eight countries of the West African Sahel. A two-year study of the problem by a multilateral working group attributed the problem substantially to donor policies causing recipients to attach a low opportunity cost, only a fraction of nominal value, to project-specific aid resources, as against the high opportunity cost, corresponding to a shadow price well over 1.0, attached to use of their own uncommitted budget resources. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |
|