Abstract
The maldevelopments due to aid-tied growth-maximisation strategies of the past decades have led to cynicism, and sometimes downright opposition to aid donation by taxpayers in the industrialised countries. On the other hand, radicals in the developing countries view aid as a Trojan horse to perpetuate neo-colonialism and dependency. Dr. Karunaratne reviews the shortcomings of conventional aid and presents a package of proposals for a reformed aid strategy.
This is a preview of subscription content, log in via an institution to check access.
Similar content being viewed by others
References
UN, Resolution Adopted by the General Assembly: Charter of Economic Rights and Duties of States. Mimeograph A/RES/3281/XXIX, New York, January 1975. UN, Publications of the Ad Hoc Committee of the Seventh Special Session, A/AC 176/23 and Add. 1–7, New York, September 1975.
H. G. Grubel, The Case Against the New International Economic Order, in: Weltwirtschaftliches Archiv, Vol. 13, 1977. J. B. Donges, The Third World Demand for a New International Economic Order: Government Surveillance Versus Market-Decision in Trade and Investment, in: Kyklos, Vol. 30, 1977, Fasc. 2, pp. 235–258. M. E. Kreinin, J. M. Finger, A Critical Survey of the New International Economic Order, in: Journal of World Trade Law, Vol. 10, 1976, pp. 493–512. M. Bronfenbrenner, An Old Reactionary Free Trader on the New International Economic Order, in: Nebraska Journal of Economics and Business, Autumn 1977, Vol. 16, No. 4, pp. 5–18.
J. Tinbergen et al., Reshaping the International Order, London 1977.
H. B. Chenery, A. Strout, Foreign Assistance and Economic Development, in: American Economic Review, September 1966.
L. B. Pearson, Partners in Development. Report of the Commission on International Development, New York 1969.
K. B. Griffin, J. L. Enos, Foreign Assistane: Objectives and Consequences, in: Economic Development and Cultural Change, Vol. 18, April 1970, p. 317 et seq.
G. F. Papanek, The Effect of Aid and Other Resource Transfers on Savings and Growth in Less Developed Countries, in: Economic Journal, Vol. 82, No. 327, September 1972, pp. 934–51, and: Aid, Foreign Private Investment, Savings and Growth in Less Developed Countries, in: Journal of Political Economy, Vol. 81, No. 1, January/February 1973.
D. C. Dacy, Foreign Aid, Government Consumption, Saving and Growth in Less Developed Countries, in: The Economic Journal, Vol. 85, September 1975, pp. 548–561.
P. T. Bauer, Dissent on Development, London 1971.
D. Wall, The Charity of Nations, London 1973, p. 58.
M. J. Williams, Review of Development Co-operation, OECD, Paris, November 1976. Report of the Chairman of the DAC (Development Assistance Committee).
M. L. Haq, Tied Credits: A Quantitative Analysis, in: J. Adler, S. Kuznets (eds.), Capital Movements and Economic Development. Proceedings of a Conference held by the International Economic Association, New York 1967. J. Bhagwati, The Tying of Aid, in: J. Bhagwati, R. S. Eckaus (eds.), Foreign Aid, London 1970.
J. A. Pincus, The Cost of Foreign Aid, in: Review of Economics and Statistics, Vol. 45, No. 4, 1963.
T. Hayter, Aid as Imperialism, London 1971.
D. Avramovic et al., Economic Growth and External Debt, Baltimore 1964.
C. Payer, The Debt Trap, London 1974, p. 49.
F. Stewart, P. Streeten, New Strategies for Development: Poverty, Income Distribution and Growth, in: Oxford Economic Papers, Vol. 28, No. 3, November 1976, pp. 381–406.
I. Little, T. Scitovsky, M. Scott, Industry and Trade in Some Developing Countries, London 1970
I. L. O., Employment, Growth and Basic Needs, Geneva 1976.
R. L. Heilbronner, Inquiry Into the Human Prospect, New York 1974, p. 42.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Karunaratne, N.D. Foreign aid, new economic order and basic human needs. Intereconomics 14, 180–184 (1979). https://doi.org/10.1007/BF02924275
Issue Date:
DOI: https://doi.org/10.1007/BF02924275