This paper focuses on aid effectiveness. The paper considers peer-reviewed, cross-country, econometric studies, published over the last decade in order to propose areas with policy implications related to the conditions under which aid is more likely to be effective.
How Has the Developing World Changed since the Late 1990s? A Dynamic and Multidimensional Taxonomy of Developing Countries - Working Paper 375
Many existing classifications of developing countries are dominated by income per capita (such as the World Bank’s low, middle and high income thresholds), thus neglecting the multidimensionality of the concept of ‘development’. Even those deemed to be the main ‘alternatives’ to the income-based classification have income per capita heavily weighted within a composite indicator.