POLS 2080 Lecture Notes - Lecture 11: Neocolonialism, Tied Aid, Cash Transfers
27 Nov 2015
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Document Summary
Official term for bilateral (gov-to-gov) finance flows to promote economic development and welfare. Foreign aid can be a loan, but had to have a grant element of at. Various sectors: capacity building, health/edu services, infrastructure, agricultural, modernization, tech progress . Longer term interventions to address the underlying social and economic causes of under and malnutrition. Most donor countries were oecd members, but new actors have recently started to play important roles (china, arab countries) The un general assembly passed a resolution in 1970, while donors would provide at least 0. 7% of their annual gnp. Shows the generosity by donor in the year 2008. Shows how some countries (sweden, norway, luxembourg) donate much more aid than others (us, japan, greece) Believed foreign aid was very helpful, and necessary for developing nations. Believed the opposite of sachs, believed foreign aid was not helpful. Development should grow bottom-up, from within not from outside sources.
