 Is Foreign Aid Panacea for African Problems? The Case of NamibiaManaging Global Transitions, 2013, vol. 11, issue 3 (Fall), 223-241 Abstract: Namibia has experienced impressive growth since 21 years of independence. Current GDP growth rates, estimated at 4-5%, are fuelled mainly by the increasing competitiveness of the mining sector. Mining sector accounts for half of the national foreign exchange earnings. Low scores on capital investment and education, however, is a considerable barrier to greater economic diversification and may contribute to the poor innovation score. As a result, Namibia remains somewhat dependent on foreign aid, despite relatively high average incomes. This paper will discuss the impact of foreign aid on the Namibian economy by systematically analyzing its influence on developing countries using Namibian economy as focus reference. Fifty years since the first official development assistance (ODA) programs were instituted, the question of the effectiveness of foreign aid remains an unresolved issue. The purpose of the study is to investigate whether foreign aid is effective in helping Namibia to achieve development goals. Keywords: foreign aid; African economy; Namibian economy; economic development; capital investment (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:mgt:youmgt:v:11:y:2013:i:3:p:223-241 Ordering information: This journal article can be ordered from Access Statistics for this article Managing Global Transitions is currently edited by Jana Hojnik More articles in Managing Global Transitions from University of Primorska, Faculty of Management Koper Contact information at EDIRC. |
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