The Structure and Volume of Bilateral Resource Flows

Dilip K. Das

Chapter 4 in Migration of Financial Resources to Developing Countries, 1986, pp 69-136 from Palgrave Macmillan

Abstract: Abstract The concept of transnational resource flows and/or international lending is now a clearcut one, though for a couple of decades it was nebulous and discipline lacked precision. The haze has now been dispelled, for all practical purposes it implies extension of grants and/or loans to non-residents by governments and government agencies, and the multilateral organisations. A great deal of ambiguity is caused by the expression ‘aid’. Strictly defined, it should refer only to the value of the subsidy implicit in the total flow of resources. Accordingly, grants in convertible currency can be called ‘aid’ to the full extent of their value, while loans cannot, because they will only have an element of aid, at times an insignificant element. One must not lump these and other kinds of ‘aid’, while trying to reckon cost to donors or benefit to recipients. Indubitably the donor assists the recipient by providing financial resources at the right time and in the right sector, but can one always refer to it as ‘aid’? Moneylenders generally benefit the clients, but we do not think of them as ‘aid’ givers.1

Keywords: World Trade; Industrial Economy; Resource Flow; Official Development Associa; Economic Assistance (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18291-6_4

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DOI: 10.1007/978-1-349-18291-6_4

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