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Catalyzing Development

A New Vision for Aid
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Aid can only be a catalyst, not a driver of development. Aid can work: it has achieved notable successes in even the most disadvantageous country settings. But it is not a panacea. Many new players-such as middle-income countries, private philanthropists and even the private business community-are now providing aid, but their impact depends on how aid is organized and delivered. Catalyzing Development is an in-depth analysis of the new approaches that are needed to meet development challenges.
Homi Kharas is a senior fellow and deputy director of Global Economy and Development at the Brookings Institution. Koji Makino is the senior adviser to the director general in the Operations Strategy Department at the Japan International Cooperation Organization (JICA). Woojin Jung is a policy analyst at the Korea International Cooperation Agency (KOICA).
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