SOCI 254 Chapter 5: Aid (Chapter 5—Globalization and Poverty).pdf
25 Nov 2014
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A brief history of aid flows colonialism integral to stimulating aid process constructing railroad network in congo by belg. to facilitate extraction of deposits building suez and panama canals. Colonial nature of early foreign aid early 20thc colonial powers consider providing assistance for eco. dev. not tied to extraction and exploitation after countries got independence, colonial nature of foreign aid persisted help decolonization process and post-independence assimilation policies. Modern foreign aid in the wake of world war ii advent of modern foreign aid (fa) was marshall plan, bretton woods conference, and creation of un. 1970s problems growth distribution income distribution basic needs of poor ppl. for very small economies, aid can exceed the size of the nat"l domestic eco. Kinds of aid: disaster relief and transition disaster relief is not aimed directly at long-term poverty reduction large amounts of aid were directed at supporting post-cold war pol. and eco. transitions aid was sometimes allocated for pure strategic reasons.
