Olivier Cadot, Ana Fernandes, Julien Gourdon, Aaditya Mattoo, 21 January 2012

With finances getter ever tighter in developed countries, policymakers are starting to ask whether giving money to developing countries can still be justified. Taking the example of Aid for Trade, billions have been spent with little robust evidence of its effectiveness. This column argues that trade policy needs to learn from other development work and start with rigorous impact evaluations – otherwise the best programmes could easily get cut.

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