Foreign aid: An agent for socioeconomic development? A case study from an emerging economy: Pakistan

IF 1.4 Q2 POLITICAL SCIENCE Politics & Policy Pub Date : 2024-05-10 DOI:10.1111/polp.12598

Syed Muhammad Saad Zaidi, Muhammad Zubair Akhtar, Mujahid Hussain Sargana

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Abstract

Pakistan's economy since its creation has remained heavily dependent on foreign aid, especially to manage the ever-widening gap between the available financial resources, development expenditure, fiscal deficit, and current account deficit. This article critically evaluates the effectiveness of foreign aid in Pakistan from 2000 to 2022 via an in-depth literature review and the rational actor model (RAM). Furthermore, a mixed-method approach based on descriptive quantitative and in-depth qualitative research methods was adopted for this study. The article demonstrates that RAM can assist policy makers, enabling them to make decisions vis-à-vis foreign aid while safeguarding national interests, particularly economic interests. However, this study finds that for Pakistan to achieve sustainable economic growth, increasing exports and attracting more foreign direct investment hold greater potential than continued reliance on foreign aid. In conclusion, the article prescribes policy measures to restructure Pakistan's political system to foster socioeconomic development through trade liberalization and good governance.

Asongu, Simplice A., and Joseph Nnanna. 2019. “Foreign Aid, Instability, and Governance in Africa.” Politics & Policy 47(4): 807–48. https://doi.org/10.1111/polp.12320.

Dobransky, Steve. 2014. “Violators amongst Us: International Regimes and the Role of Compliance, a Case Study on Official Development Assistance.” Politics & Policy 42(4): 593–634. https://doi.org/10.1111/polp.12082.

Scarlato, Margherita, and Giorgio d'Agostino. 2019. “The Political Dimension of Cash Transfers in Latin America and Sub-Saharan Africa: A Comparative Perspective.” Politics & Policy 47(6): 1125–55. https://doi.org/10.1111/polp.12332.

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外国援助：社会经济发展的推动者？一个新兴经济体的案例研究：巴基斯坦

巴基斯坦经济自成立以来一直严重依赖外援，尤其是在管理可用财政资源、发展支出、财政赤字和经常账户赤字之间不断扩大的差距方面。本文通过深入的文献综述和理性行为者模型（RAM），对 2000 年至 2022 年巴基斯坦外援的有效性进行了批判性评估。此外，本研究还采用了基于描述性定量研究方法和深入定性研究方法的混合方法。文章表明，理性行为者模型可以帮助政策制定者，使他们能够在维护国家利益，尤其是经济利益的同时，做出有关外国援助的决策。然而，本研究发现，巴基斯坦要实现可持续经济增长，增加出口和吸引更多外国直接投资比继续依赖外援更有潜力。最后，文章提出了重组巴基斯坦政治体制的政策措施，以通过贸易自由化和善治促进社会经济发展。2019."非洲的外国援助、不稳定和治理》。政治与政策》47（4）：https://doi.org/10.1111/polp.12320.Dobransky, Steve.2014."International Regimes and Role of Compliance, Case of the Monitoring Group：国际制度与合规的作用，官方发展援助案例研究"。Politics & Policy 42(4)：https://doi.org/10.1111/polp.12082.Scarlato, Margherita, and Giorgio d'Agostino.2019."拉丁美洲和撒哈拉以南非洲现金转移的政治维度：比较视角"。政治与政策》47（6）：1125–55. https://doi.org/10.1111/polp.12332.

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来源期刊

Politics & Policy POLITICAL SCIENCE-

CiteScore

2.50

自引率

23.10%

发文量