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More than Words and Good Intentions: The Political Agenda-Setting Power Behind Foreign Aid Mechanisms
In this paper, international aid is examined as a tool for political agenda-setting. A theoretical model is constructed for the analysis, incorporating the incentives created by foreign aid, on the political benefits of recipient governments. The model also incorporates the compensating benefits provided by these governments through the legitimization of the donor country's political agenda. The main results of this model indicate that governments which offer international assistance can in influence the political agenda of recipient countries through two channels: 1) By reducing the political costs of official intervention in issues that receive aid, and 2) By generating incentives for additional political rent-seeking. The results are studied in the case of aid provided by the USA to Colombia during the period 1998-2012, which shows the power of US presidents to establish part of the Colombian political agenda related to drugs and terrorism. The results are obtained through a novel content analysis of presidential speeches in both countries and from a set of estimates corrected by possible problems of endogeneity in foreign aid allocation.
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A caballo regalado sí hay que mirarle el diente, es la conclusión de esta investigación que muestra cómo los gobiernos que ofrecen asistencia internacional pueden influir en la agenda política de los países que benefician. Un estudio muy interesante ahora que a raíz del proceso de paz aumentará la cooperación internacional hacia Colombia.
