Current and Future Trends in Development Assistance
The term ‘development assistance’ is often given an over-narrow interpretation. It makes people think merely of official aid programmes, and perhaps of the development work of the private voluntary agencies, whereas it really embraces any action taken by rich countries, individually or collectively, which is prompted primarily by a desire to promote overseas development rather than by immediate rich country self-interest.
KeywordsRich Country Development Assistance Human Ecology Donor Country Official Development Assistance
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References and Notes
- 1.United Nations Conference on Trade and Development. Cmnd 5134, HMSO December 1972.Google Scholar
- 2.DAC countries’ total gross flows in 1971 were $8,822 m: i.e. capital repayments amounted to $1,104 m. DAC interest receipts were approximately £520 m, so that the ‘true’ net flow of official aid resources was about $7,200 m.Google Scholar
- 3.Official development assistance totalling about $28 m was also contributed in 1971 by New Zealand and Finland, neither of whom belongs to DAC. More significantly, the centrally planned economies are thought to have extended total economic aid of about $1,800 m (the greater part disbursed to Communist developing countries), including $1,100 m from USSR, just over $300 m from East European countries and, very approximately, $400 m from China; but little more is known, either about Communist aid in 1971 or about future trends.Google Scholar
- 4.See P R and A E Ehrlich, Population, Resources, Environment, W H Freeman, San Francisco, 1972.Google Scholar
- 5.A loan’s ‘grant element’ is equivalent to its nominal recorded value less the discounted present value of the required amortization and interest payments (using a 10% discount rate).Google Scholar
- 6.G Ohlin, ‘Swedish Aid Performance and Development Policy’, Review 6, Overseas Development Institute, to be published in May 1973.Google Scholar
- 7.An Account of the British Aid Programme,HMSO, 1972, p. 8.Google Scholar
- 8.US Foreign Assistance in the 1970s: a New Approach,Report to the President from the Task Force on International Development, Washington DC, March 1970.Google Scholar