Tag: official development aid
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Is the UK right to cut Overseas aid to 0.5% of GNI?
The United Kingdom has been a world leader in providing Official Development Aid in recent years. In 2019 the UK was the third largest donor in absolute terms and the 5th largest relative to it’s Gross National Income. However, that is now set to change as in November 2020 the UK government announced that it…
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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 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…
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Jeffry Sachs – Summary of The End of Poverty, Chapters 12-16
This is a brief summary of the case Jeffry Sachs made for International Development Aid in his 2005 book ‘The End of Poverty’. Taken mainly from chapters 12-16 (1) Why is Aid needed? Sachs argues that injections of aid are needed to break the poverty trap –because there is no where else money is going…
