Foreign Assistance and Economic Development

Hollis B. Chenery
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Hollis B. Chenery: Harvard University

Chapter Chapter 7 in Capital Movements and Economic Development, 1967, pp 268-292 from Palgrave Macmillan

Abstract: Abstract Programmes of public assistance to less developed countries have increased rapidly over the past decade in the United States and Western Europe. Since private investment has stagnated during this period, public grants and loans now provide over $6 billion of the total of about $9 billion of capital transferred. For most underdeveloped countries, foreign assistance is already a critical source of development finance and one of the main hopes for accelerated growth in the future.

Keywords: Absorptive Capacity; Saving Rate; Recipient Country; Capital Inflow; Public Capital (search for similar items in EconPapers)
Date: 1967
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DOI: 10.1007/978-1-349-15238-4_9

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