Aid

mikapolivotti
Mind Map by mikapolivotti, updated more than 1 year ago
mikapolivotti
Created by mikapolivotti over 6 years ago
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Aid

Resource summary

Aid
  1. Types of Aid
    1. Multilateral Aid
      1. occurs when countries pay money to an international agency which then distributes it to countries on the basis of certain criterias
      2. Tied Aid
        1. This is aid w/ conditions attached(ex. there might be requirements to buy goods from the donor country or the aid might be given on condition that there are some economic and political reforms
        2. Bilateral Aid
          1. aid given directly by 1 country to another
        3. Arguments For
          1. Providing funds for infrastructure - essential if the country is to industrialize. Aid therefore will help to increase AD and investment will have a multiplier effect on GDP. In turn, this will help to promote sectorial development
            1. The reduction of world inequality
              1. Reduction in absolute poverty
                1. Aid might contribute to increased globalization and trade, both of which are frequently associated w/ growth & development
                  1. Improving human capital through promotion of healthcare, education, training and expertise In some countries, aid might be used to help the prevention and treatment of AIDS Ex: the training of teacher and doctors
                    1. Filling the Savings Gap experienced by many developing countries (Harrod-Domar Model)
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