TY  - BOOK
AU  - Arslanalp,Serkan
AU  - Henry,Peter Blair
ED  - National Bureau of Economic Research.
TI  - Helping the Poor to Help Themselves: Debt Relief or Aid 
T2  - NBER working paper series
PY  - 2004///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - January 2004; Hardcopy version available to institutional subscribers
N2  - Debt relief is unlikely to stimulate investment and growth in the world's highly indebted poor countries (HIPCs). This is because the HIPCs do not suffer from debt overhang. The principal obstacle to investment and growth in the world's poorest countries is a lack of basic economic institutions that provide the foundation for profitable economic activity. If the goal is to help poor countries build the institutions that best suit their development needs, then the energy and resources currently devoted to the HIPC initiative could be more effectively employed as direct foreign aid
UR  - https://www.nber.org/papers/w10230
UR  - http://dx.doi.org/10.3386/w10230
ER  -