First published in 1971, this reissue considers the main aspects of
foreign aid to developing countries in terms of economic concepts
and principles. The author gives an economic definition of aid and
considers the motives for giving aid and the principles on which it
may be allocated. He looks at the effect on the economic growth of
developing countries of both the aid given and the need to repay
the debt, and the effect on trade patterns and resource allocation
of tying aid to one particular project, or one source of goods.
While economic analysis is only a first step in providing a basis
for policy decisions on foreign aid, Dr Healey shows that many
issues can be clarified by looking at them from the economists'
point of view.
General
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