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Didac Queralt (Yale), “Her Majesty’s Aid: A Principal–Agent Analysis of Development Assistance in the Late British Empire”
Didac Queralt (Yale), “Her Majesty’s Aid: A Principal–Agent Analysis of Development Assistance in the Late British Empire”
Can foreign aid expand fiscal capacity? Drawing on principal–agent theory, I argue that foreign aid builds capacity when the interests of the donor and the political leadership of the recipient state are aligned and when aid administrators in the recipient’s bureaucracy face high-powered incentives to exert effort toward the mission’s goal. Using history as a […]