Aid for development
During the 1950s and most of the 1960s there was a feeling of euphoria among the newly emerging Third World nations and within the international community. It was generally believed that the process of decolonization, with the commencement of a new era after the Second World War, had turned colonial domination and exploitation of the Third World countries into a thing of the past and that it had marked a new beginning in paving the way for the new nations to achieve rapid industrialization and economic development. Development strategies and plans were drawn up, both at national and international levels, to help newly emerging nations catch up with the developed and highly industrialized nations so as to create a new world economic order which would ensure a happy and safe life for all on our globe. The main objective of this paper is to evaluate the validity of the scepticism and doubts being expressed about the role of aid in the Third World economies. For this purpose, an attempt is made here to appraise not only the total volume of aid and resource transfers, but also the direction, distribution pattern and nature of aid and its main objectives. In this respect, we will also review the relationship of aid with the choice and design of projects and general economic policies in the developing countries. Needless to say the role of aid in economic development cannot be appraised purely quantitatively.
| Format: | Working paper biblioteca |
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| Language: | eng |
| Published: |
1975-08
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