Category: Aid, trade and debt
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How Private Aid Foundations Influence Economic Policy in Developing Countries
It could be used in the Global Development topics on ‘Organisations in Development’ or ‘the role of Private Aid in Development’ A flow chart of what’s below would run something like this… TNCs (pump their profits into their) – Charitable Foundations (who established) – The Council of Foreign Relations (which influences) – The World Bank…
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More Arguments for Official Development Aid
The following two thinkers argue that aid can work, but it needs to be better targeted in order to be effective. This is really a return to ‘neo-modernisation theory’. Paul Collier (2008) Collier’s analysis of aid suggests that aid is merely a ‘holding operation preventing things from falling apart’. However, he does argue that without…
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Criticisms of Official Development Aid
Official Development Aid is aid from governments, which can take the form of either bilateral aid – direct from donor country to recipient country, or multilateral aid, which is channelled through institutions such as the World Bank. The value of Official Development Aid is much greater than aid channelled through non-governmental organisations such as Oxfam,…
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Arguments for Official Development Aid
Early modernisation theorists believed that it was essential to inject aid into countries to establish infrastructure and change attitudes. From the 1950s to 70s aid programs seemed to have a positive effect on many developing countries as both economic and social development increased, however this progress seamed to stall from the late 1970s. Contemporary supporters…
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Different Types of Aid in International Development
Aid refers to any flow of resources from developed countries to the developing world. Aid can come in the form of money, technology, gifts or training, and can either be provided in the form of a grant which does not have to pay back or a loan with interest which does have to be paid…
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Arguments Against Trade as a Strategy for Development
Andre Gunder Frank (1971) argues that the reason trade doesn’t work for poor countries is a legacy of colonialism – before independence, the colonizing power simply took these commodities. After independence, developing societies are often still over-dependent on exporting these primary commodities, which typically have a very low market-value, and rich countries are happy to…
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Arguments for Trade as a Strategy for Development
‘Free’ trade* refers to the relative absence of government interference in the affairs of private businesses and the consumers who buy their products. Free trade depends on free trade agreements. Free Trade agreements are policies established between countries and private businesses which make it relatively easy for companies to produce and sell goods in more than…
