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<p> Professor Mikesell's book on the economics of foreign aid is a useful addition to the existing literature on the subject. The book includes a discussion of the objectives of aid, foreign-aid theories and strategies, the forms of aid, debt burdens, and aid burdens, and it examines the various choices faced by the aid-giving countries, such as bilateral vs. multilateral aid, project vs. program assistance, and hard vs. soft loans. <p> --Bela Balassa, The Journal of Finance <p> [Mikesell] brings his sound and experienced judgment to bear critically on the theories underlying the calculation of aid requirements and the practical criteria used in the granting of aid. . . . [T]his book offers a solid and thoughtful discussion of the economics of foreign aid, and it will be a welcome addition to the library of those who must either teach about foreign aid or administer it. <p> --Richard N. Cooper, The American Economic Review <p> Mikesell's main criticisms of development strategy are now widely accepted: the impossibility of industrial enterprises absorbing the growth in the labour force; the need to reduce discrimination against agriculture, which has taken the form of industrial protection, ceilings on agricultural prices, overvalued exchange rates and taxation of agricultural exports; the importance of improved transport and marketing. <p> --Paul Streeten, The Economic Journal

Professor Mikesell's book on the economics of foreign aid is a useful addition to the existing literature on the subject. The book includes a discussion of the objectives of aid, foreign-aid theories and strategies, the forms of aid, debt burdens, and aid burdens, and it examines the various choices faced by the aid-giving countries, such as bilateral vs. multilateral aid, project vs. program assistance, and hard vs. soft loans. </p> --Bela Balassa, <em>The Journal of Finance</em></p> [Mikesell] brings his sound and experienced judgment to bear critically on the theories underlying the calculation of aid requirements and the practical criteria used in the granting of aid. . . . [T]his book offers a solid and thoughtful discussion of the economics of foreign aid, and it will be a welcome addition to the library of those who must either teach about foreign aid or administer it. </p> --Richard N. Cooper, <em>The American Economic Review</em></p> Mikesell's main criticisms of development strategy are now widely accepted: the impossibility of industrial enterprises absorbing the growth in the labour force; the need to reduce discrimination against agriculture, which has taken the form of industrial protection, ceilings on agricultural prices, overvalued exchange rates and taxation of agricultural exports; the importance of improved transport and marketing. </p> --Paul Streeten, <em>The Economic Journal</em></p>

-Professor Mikesell's book on the economics of foreign aid is a useful addition to the existing literature on the subject. The book includes a discussion of the objectives of aid, foreign-aid theories and strategies, the forms of aid, debt burdens, and aid burdens, and it examines the various choices faced by the aid-giving countries, such as bilateral vs. multilateral aid, project vs. program assistance, and hard vs. soft loans.- --Bela Balassa, The Journal of Finance -[Mikesell] brings his sound and experienced judgment to bear critically on the theories underlying the calculation of aid requirements and the practical criteria used in the granting of aid. . . . [T]his book offers a solid and thoughtful discussion of the economics of foreign aid, and it will be a welcome addition to the library of those who must either teach about foreign aid or administer it.- --Richard N. Cooper, The American Economic Review -Mikesell's main criticisms of development strategy are now widely accepted: the impossibility of industrial enterprises absorbing the growth in the labour force; the need to reduce discrimination against agriculture, which has taken the form of industrial protection, ceilings on agricultural prices, overvalued exchange rates and taxation of agricultural exports; the importance of improved transport and marketing.- --Paul Streeten, The Economic Journal

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Raymond F. Mikesell is professor emeritus of economics at the University of Oregon. He has been consultant to various branches of the government, including the Agency for International Development, the Treasury Department, the Department of State, Congress, and the President, as well as to the Inter-American Development Bank, the Pan American Union, and the World Bank.

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