Internal and External Aspects of Development Plans and Performance in Aid-receiving Countries

H. B. Chenery and N. G. Carter

Chapter 14 in Methods of Long-term Planning and Forecasting, 1976, pp 303-333 from Palgrave Macmillan

Abstract: Abstract The analytical and philosophical basis for the aid and development programmes of the past decade was formulated in the early 1960s.1 In outline form it asserts that: i external resources can be used by underdeveloped countries as a basis for a significant acceleration of investment and growth; ii the maintenance of higher growth rates requires substantial changes in the structure of production and trade; iii external capital can perform a critical role in both resource mobilisation and structural transformation; iv the need for concessionary aid declines once these structural changes are well under way although further capital inflow may be needed.

Keywords: Foreign Exchange; Saving Rate; Capital Requirement; External Resource; Capital Inflow (search for similar items in EconPapers)
Date: 1976
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DOI: 10.1007/978-1-349-02649-4_14

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