Preliminary contents: Part 1: theory of aid. 1. Aid, transfers and political economy (I. Gang, G. Epstein). 2. Welfare and governance implications of alternative mechanisms of aid disbursement (S. Margit). 3. Foreign aid as an instrument for conflict resolution (Z. Becsi, S. Lahiri). 4. Absorptive capacity and the mode of delivery of foreign aid (S. Lahiri). 5. A pareto-improving foreign aid in a dynamic North-South model (k. Shimomura). 6. Welfare effects of international transfer under stagnation (Y. Ono). 7. A dynamic analysis of tied aid (C.C. Chu, E.S.H. Yu). 8. Does foreign aid hinder foreign direct investment? (H. Beladi, R. Oladi). 9. Helping under revenue constraint a disaster-affected country (S. Lahiri, Y. Ono). 10. Transfer paradoxes and new economic geography(S. Brakman, C.G.M. van Marrewijk). 11. Foreign aid and de-industrialization (K. Choi). 12. Can competition for aid reduce pollution? (P. Hatzipanayoto, M.S. Michael, N. Tsakiris). Part 2 : Empirical studies on aid. 1. Aid-allocation criteria: a re-examination (S. Bandopadhyaya, H. Wall). 2. Aid effort and its determinants (M. Odedokun, JJ. Round). 3. Eu aid under the Lome-Cotonou trade regime and its effect on Sub-Saharan African growth (S. Bandopadhyaya, J. Munemo). 4. The effectiveness of foreign aid: is good policy or good history more important? (K. Sylwester). 5. Estimating the macroeconomic impact of aid: an application to Kenya(O. Morrissey). 6. Development aid: the new agenda (G. Mavrotas). 7. Can aid end world poverty? (H. White). 8. The contribution of aid to the education for all objective: panel data evidence for low-income countries (K. Michaelowa). 9. Aid, growth and poverty reduction: the Mozambican case (C. Arndt, S. Jones, F. Tarp). 10. Is foreign aid fungible? (V. Swaroop). 11. Aid and trade (A. Winters). 12. Labour market responses to large aid inflows in low income countries(C. Adam, D. Bevan).