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Public Law 480 Assistance And Economic Development In Indonesia

Bruce Glassburner

Economics and Finance in Indonesia, 1969, vol. 17, 38-54

Abstract: Foreign assistance, in the popular view, is seen mainly as a transfer of capital goods from capital — rich to capital — poor countries. The phrase conjures visions (in Indonesia) of the sparkling, modern Sriwidjaja fertilizer factory in Palembang, the Djakarta ring — road, and the Djatiluhur dam — or, as Professor Milton Freidman would call them, "industrial monuments". It comes as something of a surprise, therefore, to learn that the largest single component of foreign assistance given to Indonesia since she achieved her independence has been in the form of agricultural commodities — mainly from the United States.

Keywords: development; economic; law; capital; account; value (search for similar items in EconPapers)
Date: 1969
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