When you read what economists have to say about development, it is easy to be disheartened about the prospects for developing countries. One big reason is that slow changing institutional factors are seen as key to development prospects. I’ve just published a CGD book that’s a little more optimistic: Results Not Receipts: Counting the Right Things in Aid and Corruption.
Most of the book is about what donor agencies like DFID and the World Bank should do about corruption in aid projects, but Results Not Receipts also discusses the role of corruption and weak governance in determining development outcomes more broadly—the subject of the sample chapter. And in that chapter, I’m more optimistic about progress both through improved institutions and despite weak institutions than some of my peers………..Continue Reading