Aid and Development

Michael McWilliam

Chapter 8 in The Development Business, 2001, pp 75-85 from Palgrave Macmillan

Abstract: Abstract The decisions taken by the new Labour government to amend the Sinclair settlement opened a new era, since they allowed CDC to accumulate reserves through its operating account. Meanwhile the planning framework settlement allowed both for growth and an intention for funding stability, notwithstanding Britain’s own budgetary problems. It followed a lengthy period of thirteen years under the Conservatives when CDC had struggled to establish its basic viability and its credibility as a development agency. As we have seen, CDC had had to fight a long battle to be allowed to operate in the newly independent nations of the Commonwealth, against an attempt to marginalize it with a preferred private sector institution. In the twenty years since the war, opinion on development had had to digest the phenomena of the real experience of societies undergoing rapid change, many of them in the wake of emergence from colonial rule, as well as the difficulties of institutional development at the international level, the politics of international trade, and the imperatives of alliance building in the Cold War. CDC had originally been a creation of Labour and of the optimism of early post war thinking on economic reconstruction. How was the evolving debate on development likely to affect its role?

Keywords: Interest Rate; Labour Government; Planning Framework; Select Committee; Alliance Building (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50427-1_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230504271

DOI: 10.1057/9780230504271_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().