Foreign aid and corruption in the Muslim world:a preliminary analysis

Foreign aid has been considered as an important accelerator for development in the poor and developing countries since the end of the Second World War. Whether foreign aid has achieved its objective is a matter of serious debate. Some studies have found a positive relationship between foreign aid an...

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Bibliographic Details
Main Authors: Md. , Moniruzzaman, Khulakmet, Botagoz
Format: Article
Language:English
Published: Kulliyyah of Islamic Revealed Knowledge and Human Sciences, International Islamic University Malaysia 2013
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Online Access:http://irep.iium.edu.my/42058/1/Foreign_Aid_KRB_2013.pdf
http://irep.iium.edu.my/42058/
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Summary:Foreign aid has been considered as an important accelerator for development in the poor and developing countries since the end of the Second World War. Whether foreign aid has achieved its objective is a matter of serious debate. Some studies have found a positive relationship between foreign aid and development, while others have found negative or no relationship at all. However, within the discourse, a new dimension has focused on foreign aid and corruption in these countries. The question asked is: Does foreign aid reduce corruption or does it generate more corruption? Again, a host of studies show either a positive or negative correlation. This article, which is an abridged version of a larger project, presents a preliminary analysis on the question of foreign aid and corruption in the Muslim world during 1990-2011.