foreign aid Flashcards
1
Q
foreign aid aim forms, types
A
-aim: fill savings gap in developing countries nd promote econ development
-forms: official d assistance, unofficial aid (NGO)
-types: humanitarian short term( food, medical, emergency) development (tied (imports for them), project (fund infrastructure), commodity, long-term loans)
-bilateral and multilateral: one to another, organisation
2
Q
concerns of aid
A
corruption: government not have welfare of pop
-dependency: little incentive to innovate
-loan repayments lead to debt
-give aid to interest themselves (imports and raw materials)
-may push developing countries not in their best interests
