1. Foreign and Economic Development
Open Capital Markets for Borrowing There is a fierce backing for the motion that aid doesn't do much for its intended motives of development and poverty alleviation however it should be noted that Bilateral aid is a strategic aid often induced by underlying political policy incentives (Heinrich 2013, p. 423). ... Opponents of foreign aid like Dambisa Moyo argue that the recipient countries would be better off relying on global capital markets raising bonds to finance development. ... Dedu et al find that foreign aid targeted in the provision of public consumption and funding of infrastr...
- Word Count: 1966
- Approx Pages: 8
- Grade Level: Undergraduate