Cover: The Price of Aid: The Economic Cold War in India, from Harvard University PressCover: The Price of Aid in PAPERBACK

The Price of Aid

The Economic Cold War in India

Not yet available

Product Details

PAPERBACK

$27.95 • £22.95 • €25.00

ISBN 9780674241671

Publication Date: 01/07/2020

Text

512 pages

6-1/8 x 9-1/4 inches

11 photos, 1 map, 3 tables

World

Debates over foreign aid can seem strangely innocent of history. Economists argue about effectiveness and measurement—how to make aid work. Meanwhile, critics in donor countries bemoan what they see as money wasted on corrupt tycoons or unworthy recipients. What most ignore is the essentially political character of foreign aid. Looking back to the origins and evolution of foreign aid during the Cold War, David C. Engerman invites us to recognize the strategic thinking at the heart of development assistance—as well as the political costs.

In The Price of Aid, Engerman argues that superpowers turned to foreign aid as a tool of the Cold War. India, the largest of the ex-colonies, stood at the center of American and Soviet aid competition. Officials of both superpowers saw development aid as an instrument for pursuing geopolitics through economic means. But Indian officials had different ideas, seeking superpower aid to advance their own economic visions, thus bringing external resources into domestic debates about India’s economic future. Drawing on an expansive set of documents, many recently declassified, from seven countries, Engerman reconstructs a story of Indian leaders using Cold War competition to win battles at home, but in the process eroding the Indian state.

The Indian case provides an instructive model today. As China spends freely in Africa, the political stakes of foreign aid are rising once again.

Recent News

From Our Blog

Cover: A Shoppers’ Paradise: How the Ladies of Chicago Claimed Power and Pleasure in the New Downtown, by Emily Remus, from Harvard University Press

Going Downtown

As a child in Chicago, Emily Remus was enchanted by the sights and sounds of its downtown. Here she tells how those early experiences influenced her in writing A Shoppers’ Paradise, a book about how women in turn-of-the-century Chicago used their consumer power to challenge male domination of public spaces and stake their own claim to downtown

‘manifold glories of classical Greek and Latin’

The digital Loeb Classical Library (loebclassics.com) extends the founding mission of James Loeb with an interconnected, fully searchable, perpetually growing virtual library of all that is important in Greek and Latin literature.