1998 | OriginalPaper | Chapter
International Development Assistance
Author : Ramesh F. Ramsaran
Published in: An Introduction to International Money and Finance
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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Aid is much more than just a carefully administered flow of resources. It is a basis for contemporary international relationships, both political and commercial. It is a conduit of goodwill, as well as of influence; a source of dynamism, and dependence; a promoter of new orders, and preserver of old ways. It represents ‘business’ for development and commercial banks, for exporters in the donor countries and importers in the recipient countries.1