What is Aid, Business Economics

Assignment Help:

What is aid?

Aid is the administered transfer of resources by a donor country or international agency or non-government organisation to less developed countries to encourage economic growth. It can be between two (bilateral) or several (multilateral) countries/institutions

• Bilateral aid is generally tied aid is while recipients should purchase products through the donor country. An International Monetary Fund loan with a conditional SAP attached is other illustration of tied aid.

• Multilateral aid is generally untied aid which can be spent into any country.

a. Argument for tied aid: the donor country makes sure aid is used for suitable purposes and its own economy advantages

b. Argument against tied aid: purchases may not show best value for money

c. Tied aid is frequently conditional for example on market reforms

• Grants that do not have to be repaid

• Concessional loans repaid at lesser interest rates and over longer eras than commercial bank loans.

• Aid can be into the form of goods, money or technical assistance.


Related Discussions:- What is Aid

Atmosphere, how get atmosphere pollution and its solution

how get atmosphere pollution and its solution

Homework., A Korean BBQ restaurant has four workers for washing jobs: Dane,...

A Korean BBQ restaurant has four workers for washing jobs: Dane, June, Park, and Pola. Each workers eight hours a day and can produce two washing services: Washing rice bowls and w

Business cycle, Analyse the effect of contraction phase to the vulnerable s...

Analyse the effect of contraction phase to the vulnerable society

Price discrimination, (Price Discrimination) A. Indicate the types of pr...

(Price Discrimination) A. Indicate the types of price discrimination for the cases below. Based on the above examples, explain the difference among these types of price discrimi

Less developed countries economies grow by primary sector, Can less develop...

Can less developed countries economies grow by developing its primary sector as agriculture? Less developed countries economies can grow by developing its primary sector as ag

Baumol''s, the basic assumption of the static model

the basic assumption of the static model

Law of commerce, Hatfield owned a large farm on which he grew grain. His co...

Hatfield owned a large farm on which he grew grain. His combine was inadequate in relation to the acreage of grain that he harvested annually. As a result, on several occasions his

Quantitative methods, What is matrix algebra, give some examples and its ty...

What is matrix algebra, give some examples and its types

General agreement on tariffs and trade (gatt), General Agreement on T ...

General Agreement on T arif fs and Trade (GATT) A multilateral treaty, the basic goals of which are: (1) to liberalize and promote world trade via multilatera

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd