Aid, Trade and Development

“This is a very well written book, technically sound, and a great source of material for anyone who wants to understand the factors that have shaped much of international economics for the past half a century.”

—K.Y. Amoako, President of the African Center for Economic Transformation, Ghana 

“Thoroughly documented, insightful, interesting, lucid, Aid, Trade and Development is a major contribution to the debate on the great and delicate issues facing the world economy in the years to come.”
 —Salvatore Schiavo-Campo, former Senior Adviser at the Asian Development Bank, the Philippines 
“This book makes a unique contribution in documenting an important chapter of the history of development cooperation.”

 —Heidemarie Wieczorek-Zeul, former Federal Minister of Economic Cooperation and Development, Germany 

"In a broad sweep of the modern economic history underpinningaid, trade, and development, Michalopoulos manages to capture the most salient trends and does so in a thorough, perceptive and compelling fashion."

— Danny Leipziger, George Washington University, USA 

“Michalopoulos’ chapter on the Greek crisis is very elegant and well written, covering the ground comprehensively and fairly.”

 —George Papaconstantinou, former Greek Finance Minister 

“I highly recommend this book for anyone who wishes to understand the many stages of global development we have experienced in recent decades and how they may shape the future.”

—Alexander Shakow, former Senior Official at USAID and Deputy Secretary of the World Bank, USA 

This enlightening book offers a comprehensive historical analysis of the main development challenges of the last half century and the international community’s response through aid and trade. With 50 years of professional experience in the WorldBank, the WTO and bilateral aid agencies, Michalopoulos brings an insider’s perspective on the workings of these institutions and what needs to be done to make them more effective and responsive to changing global needs. 

Constantine Michalopoulos has been a Visiting Scholar and Adjunct Professor of Economics at the Johns Hopkins University, USA, since 2012. Following his retirement from the World Bank he has served as advisor to governments and international organizations including the IMF, the World Bank, UNCTAD and the EU Commission.