Economic of Development -- Fifth edition Why foreign aid works well in some countries while it fails miserably in some others? Foreign debt (borrowing) can be instrumental in the development process.
economics
Description
Economic of Development -- Fifth edition Why foreign aid works well in some countries while it fails miserably in some others? Foreign debt (borrowing) can be instrumental in the development process. Why many of the LDCs are strapped with heavy foreign debts and are unable to repay? If an LDC receives foreign aid while also borrows heavily from international financial institutions or friendly government, how should the available financial resources be deployed for constructive development?
