Skip to main content
View expanded cover

Foreign Aid: New Perspectives pp 211–231Cite as

Foreign Assistance and Development in Bangladesh

  • Chapter

Part of the Recent Economic Thought Series book series (RETH,volume 68)

Abstract

With a large population (about 120 million) living in a small land area (55,000 sq. miles) and with a low annual per capita income (about U.S. $250), Bangladesh is classified as one of the poorest countries in the world. Because of its precarious economic condition, various donor countries and agencies have provided the country with substantial amounts of public foreign assistance. Since its independence in 1971 to the year 1992, Bangladesh has received a cumulative sum of 24 billion dollars in foreign aid (grants and loans) from all donor countries and agencies combined (ERD 1993). In 1992 alone, it received a sum of $1,611 million in foreign aid (ERD 1992) which constitutes about $14 per capita and about 7 percent of its 1992 GDP. More importantly, foreign aid constitutes an extremely high proportion (about 90 percent) of the country’s development budget.

Keywords

  • Gross Domestic Product
  • Foreign Capital
  • Donor Country
  • Domestic Saving
  • Foreign Assistance

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

This is a preview of subscription content, access via your institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • DOI: 10.1007/978-1-4615-5095-2_12
  • Chapter length: 21 pages
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
eBook
USD   89.00
Price excludes VAT (USA)
  • ISBN: 978-1-4615-5095-2
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book
USD   119.99
Price excludes VAT (USA)
Hardcover Book
USD   179.99
Price excludes VAT (USA)
Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Alamgir, M. (1974), “Foreign Capital Inflow, Saving and Economic Growth: A Case Study of Bangladesh”, Bangladesh Development Studies, 2, no. 2, pp. 577–598.

    Google Scholar 

  • Ahmad, S (1983), “The Dominant Constraint on Growth in Bangladesh”, Bangladesh Development Studies, 11, no. 4, Dec, pp. 77–86.

    Google Scholar 

  • Ahmad, S (1986), “Domestic Saving and Foreign Capital Inflow: The Case of Bangladesh”, Bangladesh Development Studies, 14, no. 1, March, pp. 75–91.

    Google Scholar 

  • Bauer, P.T. (1971), Dissent On Development, Weindenfeld and Nicholson, London.

    Google Scholar 

  • Ahmad, S and B. Yamey (1981), “The Political Economy of Foreign Aid”, Lloyds Bank Review, Oct., pp. 1–14.

    Google Scholar 

  • Bovard, J. (1986) “The Continuing Failure of U.S. Aid”, USA Today, September, pp. 10–15.

    Google Scholar 

  • Bhagwati, J. and R.S. Eckaus (1970), Foreign Aid: Selected Readings, Penguin Books, Middlesex, U.K.

    Google Scholar 

  • Chenery, H.B. (1960), “Patterns of Industrial Growth”, American Economic Review, 50, pp. 624–54.

    Google Scholar 

  • Ahmad, S and P. Eckstein (1970), “Development Alternatives for Latin America”, Journal of Political Economy, 78, Aug. pp. 966–1006.

    CrossRef  Google Scholar 

  • Ahmad, S and A. Strout (1966), “Foreign Assistance and Economic Development”, American Economic Review, 56, Sept., pp. 679–733.

    Google Scholar 

  • Clark, C. (1957), The Conditions of Economic Progress, Macmillan, London.

    Google Scholar 

  • Choudhury, K. (1990), Foreign Aid, Government Sector and Bangladesh, National Institute of Local Government, Dhaka, Bangladesh.

    Google Scholar 

  • ERD (1993), Flow of External Resources Into Bangladesh, External Relations Division, Ministry of Finance, Dhaka, Bangladesh, various issues.

    Google Scholar 

  • Faaland, J. (1981), Aid And Influence: The Case of Bangladesh, St. Martin’s Press, New York.

    Google Scholar 

  • Frank, A.G. (1969), Capitalism and Underdevelopment in Latin America, monthly review press.

    Google Scholar 

  • Griffin, K.B. (1970), “Foreign Capital, Domestic Savings and Economic Development”, Oxford University Institute of Econ. and Stat., 32, pp. 99–112.

    CrossRef  Google Scholar 

  • Ahmad, S and J.L. Enos (1970), “Foreign Assistance: Objectives and Consequences”, Economic Development and Cultural Change, 18, pp. 313–27.

    CrossRef  Google Scholar 

  • Gupta, K.L. (1970), “Foreign Capital and Domestic Savings: A Test of Haavelmo’s Hypothesis With Cross-country Data. A Comment”, Review of Economics and Statistics, 52, May, pp. 214–16.

    CrossRef  Google Scholar 

  • Ahmad, S (1975), “Foreign Capital Inflows, Dependency Burden and Savings Rate in Developing Countries: A Simultaneous Equations Model”, kyklos, 28, pp. 358–74.

    CrossRef  Google Scholar 

  • Ahmad, S and Islam (1983), Foreign Capital, Savings and Growth: An International Cross-section Study, D. Reidel Publishing Co., Holland.

    Google Scholar 

  • Islam, A.M. (1992), “Foreign Aid and Economic Growth: An Econometric Study of Bangladesh”, Applied Economics, 24, May pp. 541–544.

    CrossRef  Google Scholar 

  • Islam, N. (1972), “Foreign Assistance and Economic Development: The Case of Pakistan”, Economic Journal, March, Suppl. pp. 502–530.

    Google Scholar 

  • Krueger, A.O., C. Michalopoulos, and V. Ruttan (1989), Aid and Development, Johns Hopkins U. Press, Baltimore.

    Google Scholar 

  • Maddala, G.S. (1977), Econometrics, McGraw Hill, New York.

    Google Scholar 

  • Papanek, G.F. (1972), “The Effects of Aid and Other Resource Transfers on Savings and Growth in Less Dev. Countries” Econ. Journal, 82, pp. 934–50.

    CrossRef  Google Scholar 

  • Ahmad, S (1973), “Aid, Foreign Private Investment, Savings and Growth in Less Developed Countries”, Journal of Political Economy, 81, pp. 120–30.

    CrossRef  Google Scholar 

  • Rahman, M.A. (1968), “Foreign Capital and Domestic Savings: A Test of Haavelmo’s Hypothesis”, Review of Economic and Statistics, Feb. 50, pp. 137–38.

    CrossRef  Google Scholar 

  • Ahmad, S (1967), “The Welfare Economics of Foreign Aid”, Pakistan Development Review, 7, no. 2, summer, pp. 141–159.

    Google Scholar 

  • Rosenstein-Rodan, P.N. (1961), “International Aid For Underdeveloped Countries”, Review of Economics and Statistics, 43, no. 2, May, pp. 107–38.

    CrossRef  Google Scholar 

  • Ram, R. (1986), “Government Size and Economic Growth: A New Framework and Some Evidence”, American Economic Review, 76, no. 1, March, pp. 191–203.

    Google Scholar 

  • Sobhan, R. (1982), The Crisis of External Dependence: The Political Economy of Foreign Aid To Bangladesh, University Press Ltd., Dhaks, Bangladesh.

    Google Scholar 

  • Stoneman, C. (1975), “Foreign Capital and Economic Growth”, World Development, 3, pp. 11–26.

    CrossRef  Google Scholar 

  • Weisskoff, T.E. (1972a), “An Econometric Test of Alternative Constraints on Economic Growth”, Review of Economics and Statistics, 54, no.l, part 2, pp. 67–78.

    CrossRef  Google Scholar 

  • Ahmad, S (1972b), “The Impact of Foreign Capital Inflow on Domestic Savings in Underdeveloped Countries”, Journal of International Economics, 2, pp. 25–38.

    CrossRef  Google Scholar 

  • World Bank, World Tables, Various Issues, Washington, D.C.

    Google Scholar 

  • Ahmad, S World Debt Tables, Various Issues, Washington, D.C.

    Google Scholar 

Download references

Authors
  1. Anisul M. Islam
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. University of Alberta, Canada

    Kanhaya L. Gupta

Rights and permissions

Reprints and Permissions

Copyright information

© 1999 Springer Science+Business Media New York

About this chapter

Cite this chapter

Islam, A.M. (1999). Foreign Assistance and Development in Bangladesh. In: Gupta, K.L. (eds) Foreign Aid: New Perspectives. Recent Economic Thought Series, vol 68. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5095-2_12

Download citation

  • DOI: https://doi.org/10.1007/978-1-4615-5095-2_12

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-7318-6

  • Online ISBN: 978-1-4615-5095-2

  • eBook Packages: Springer Book Archive