The maldevelopments due to aid-tied growth-maximisation strategies of the past decades have led to cynicism, and sometimes downright opposition to aid donation by taxpayers in the industrialised countries. On the other hand, radicals in the developing countries view aid as a Trojan horse to...

This paper discusses the demands for New International Economic Order to combat the poverty and dependency of developing countries on advance countries. The paper discusses the case for reforming foreign aid for development identifying the negative feedbacks of aid on recipients and the...

The paper presents a rigorous definition of foreign aid as a concessional resource transfer from advanced to developing countries. The alleged rich country and rich people bias of aid is reviewed and the rationale for aid both from donor's and recipient's perspectives is analysed. Whilst the...

The paper critically reviews the rationale and meaning of foreign aid and presents a rigorous definition of aid as concessional resource transfer from donors to recipient developing countries. The alleged issue that foreign aid is tainted by a rich country and rich people biased is discussed....

The paper reviews the demands for New International Economic Order NIEO) by developing countries on the grounds that the present order and key international institutions such as IMF, World Bank, GATT still subserve the hegemonic interest of advanced countries. The proposals to establish a NIEO...