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When is Trade More Valuable than Aid?

Thirlwall, A.P. (1976) When is Trade More Valuable than Aid? The Journal of Development Studies, 13 (1). pp. 35-41. ISSN 0022-0388. (doi:10.1080/00220387608421606) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:60471)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.1080/00220387608421606

Abstract

The paper considers the rationale of the slogan ‘trade not aid’. In the absence of aid tying, foreign exchange from pure aid must always be more valuable than an equivalent amount of foreign exchange from exports. Thus, two alternative interpretations of the slogan are considered. First, a comparison of trade with the aid component of an equal amount of foreign assistance; second, a comparison of trade with an equal amount of foreign assistance itself, which, it is argued, is the most relevant comparison to make. It is shown that on realistic estimates of the excess cost of import substitution, the grant element of loans, and the excess cost of aid tying, it is unlikely that trade is more valuable than aid.

Item Type: Article
DOI/Identification number: 10.1080/00220387608421606
Additional information: Unmapped bibliographic data: LA - English [Field not mapped to EPrints] J2 - J. Dev. Stud. [Field not mapped to EPrints] AD - University of Kent, Canterbury, United Kingdom [Field not mapped to EPrints] DB - Scopus [Field not mapped to EPrints] M3 - Article [Field not mapped to EPrints]
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Anthony Thirlwall
Date Deposited: 22 Feb 2017 12:37 UTC
Last Modified: 08 Feb 2020 04:09 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/60471 (The current URI for this page, for reference purposes)
Thirlwall, A.P.: https://orcid.org/0000-0002-1661-2218
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