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Foreign Assistance and Economic Development

In: Capital Movements and Economic Development

Author

Listed:
  • Hollis B. Chenery

    (Harvard University)

Abstract

Programmes of public assistance to less developed countries have increased rapidly over the past decade in the United States and Western Europe. Since private investment has stagnated during this period, public grants and loans now provide over $6 billion of the total of about $9 billion of capital transferred. For most underdeveloped countries, foreign assistance is already a critical source of development finance and one of the main hopes for accelerated growth in the future.

Suggested Citation

  • Hollis B. Chenery, 1967. "Foreign Assistance and Economic Development," International Economic Association Series, in: John H. Adler (ed.), Capital Movements and Economic Development, chapter 0, pages 268-292, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-15238-4_9
    DOI: 10.1007/978-1-349-15238-4_9
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    Citations

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    Cited by:

    1. Juliana Yael Milovich, 2018. "Does Aid Reduce Poverty?," OPHI Working Papers ophiwp122.pdf, Queen Elizabeth House, University of Oxford.
    2. M. Adnan Kabir, 2020. "Foreign Aid Effectiveness: Evidence from Panel Data Analysis," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 12(3), pages 283-302, September.
    3. Christopher S. Adam & Stephen O'Connell, 1997. "Aid, taxation and development: analytical perspectives on aid effectiveness in sub-Saharan Africa," CSAE Working Paper Series 1997-05, Centre for the Study of African Economies, University of Oxford.
    4. Müller, Patrick, 2021. "Impacts of inward FDIs and ICT penetration on the industrialisation of Sub-Saharan African countries," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 265-279.
    5. Adusei, Elizabeth, 2020. "The impact of Foreign Aid on Economic Growth in Sub-Sahara Africa: The mediating role of Institutions," MPRA Paper 104561, University Library of Munich, Germany.

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