 Economic Assistance to the Developing CountriesDilip K. Das Chapter 5 in The Yen Appreciation and the International Economy, 1993, pp 143-171 from Palgrave Macmillan Abstract: Abstract Although at present Japan is the largest bilateral donor to less developed countries (LDCs), only about a quarter of a century ago it was one of the largest recipients of bilateral (from the US) and multilateral (from the World Bank) economic assistance. Since Japan devised a perspicacious macroeconomic policy package and implemented it with admirable dexterity, and since there were measurable results to show for the external assistance, donor countries and organisations were eager to assist the Japanese economy. During the first half of the 1960s it was the second largest recipient of the World Bank fund after India. It borrowed large sums to build highways, electric power stations and the famous bullet train. The final repayment instalment to the World Bank was made in July 1990. Thus, in a short span of time Japan metamorphosed itself from a reconstructing, aid-recipient economy to the largest donor to LDCs. Keywords: International Monetary Fund; Asian Development Bank; International Development Association; Economic Assistance; Development Assistance Committee (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12812-9_5 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-12812-9_5 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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