International aid as an instrument of producing economic dependence: the issue of balancing the benefits and threats
Keywords:
economic dependence, external economic assistance, least developed countries, foreign capital, recipient countries, donor countries, aid’s commercialization, credits, grantsAbstract
This article is about economic aid. It examines how dangerous aid has been in promoting dependence- relations within recipient countries and donor countries. The motives of providing the foreign economic aid to the least developed countries are considered. This article focuses on risks, which arise from development aid. Classification of the external economic aid is given, considering potential risks which it produces. Author's approach to interpretation of types of dependence on the external economic aid is offered.References
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