Part 1 Introduction. Part 2 Historical context: evolution of the regime; trends in aid flows. Part 3 Theoretical background: introduction; economic theories of development; criticisms of economic growth theories; the dependency theory of development; mercantilist theory of development. Part 4 Previous studies: economic studies of aid effectiveness; dependency and world system studies; summary of previous studies. Part 5 Methodology and research design: introduction and research questions; methodology; the data and estimation of variables. Part 6 Results of data analysis: regression specifications; data sample; heteroscedasticity; results; sensitivity analysis; further investigation. Part 7 Discussion of the study: introduction; summary of results; conclusions. Part 8 Additional comments: the current context for development assistance; the future of the regime.