alexa The Good Governance Agenda: Who Wins and Who Loses. Some Empirical Evidence for 2001
Social & Political Sciences

Social & Political Sciences

Journal of Political Sciences & Public Affairs

Author(s): Julie Aubut

Abstract Share this page

Many maintain that the provision of foreign aid to less wealthy countries is a long- standing initiative that dates back to the founding of the firs t relief organizations in the 18 th and 19 th centuries. Others contend that fore ign aid for the purpose of development was initiated by Truman’s speech in 1949, in which the expression ‘underdevelopment’ was first used. 1 . Nevertheless, the necessity for the Western World to provide financial assistance to developing count ries has been widely accepte d. Poor countries need such assistance to further economic growth, alleviate poverty and increase the standards of living of their citizens. The World Bank (WB) (1998) estimated that foreign aid accounts for as much as 7 to 8% of a typical low income country’s gross national product. The 2001 proportion, levelled at 6%, is still in line with these results. This makes foreign aid their primary source of external finance.

  • To read the full article Visit
  • Open Access
This article was published in Working Paper Series and referenced in Journal of Political Sciences & Public Affairs

Relevant Expert PPTs

Relevant Speaker PPTs

Relevant Topics

Peer Reviewed Journals
Make the best use of Scientific Research and information from our 700 + peer reviewed, Open Access Journals
International Conferences 2017-18
Meet Inspiring Speakers and Experts at our 3000+ Global Annual Meetings

Contact Us

© 2008-2017 OMICS International - Open Access Publisher. Best viewed in Mozilla Firefox | Google Chrome | Above IE 7.0 version