Should and Aid and Trade Be Combined? A Case Study of the Netherlands
Human Welfare: An International Journal of Graduate Research, May 2015, Forthcoming
8 Pages Posted: 3 Jan 2015
Date Written: May 31, 2014
Aid and trade are theoretically intertwined from a development economics perspective. The international community has however, organized responsibilities for aid and trade separately. Changing economic and political circumstances demands a rethinking of this pillar like approach. The shift in economic gravity and the geography of the poor demand a more integrated approach. Relations between donors and aid recipients should be recalibrated. Countries that grow richer over time benefit more from a continuum between aid and trade and combined policies are economically more sensible. A case study of the Netherlands shows that integrating aid and trade policy offers the opportunity to formulate answers to the changing circumstances in the global economy and better handle the challenges.
Keywords: development economics, development policy, policy making, history
JEL Classification: I30, O20, O19
Suggested Citation: Suggested Citation