IRG 320F Lecture Notes - Lecture 5: Marshall Plan, Oxfam, Smallpox

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IRG 320 Feb 4: Foreign Aid
Where does development come from?
oTrade (Winters, Vyborny and Birdsall, Sachs)
oForeign Direct Investment (Mosley and Uno)
oGovernment policies (Winters, V&B, Sachs)
External Sources of Aid?
oPreferential trade agreements
oCorporations (Infrastructure, Technology)
oPhilanthropy (individual)
oWB, IMF, UN (State level)
oRemittances (money that migrants earn and send back to their home countries)
oDon’t collect and spend money for development, they track contributions for
development from member states.
oStudy finance, movement of goods, what is provided, and issues like
development and commercial interests
oAddressing inequality (Economic and gender), while working towards creating a
sustainable economy
oAid is divided by type, such as concessional (below market rates) or non-
concessional, and official members and other donations
OECD Breakdown Concessional Non-Concessional
Official IMF, US Aid X-IM Banks (official funds)
Private Philanthropy Banks, FDI
OECD’s official development assistance (ODA)
oExtended by official sector
oDevelopment in nature
oGrant element of 25% or more
oConcessional rates
Other sources of aid: Non-ODA
oOfficial non-concessional
Other official loans, non-concessional (9%)
Export credits (8%)
oPrivate non-concessional
FDI and other private flows (36%)
oPrivate concessional
Private grants (1%)
oRemittances (46%)
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