The trade-aid-growth nexus debate in a crisis-ravaged international economy during 1977-81 is explored. A sample of 30 developing nations which are beneficiaries of the aid from the Development Assistance Committee of the OECD and one of its high-quality aid donors, Australia, is scrutinized....

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...

The aim of this study is ascertain the differential impacts trade and aid on the growth and development process of recipient nations. Much of the empirical testing in the past has been based on single equation models to probe separately the impact of either trade or aid on growth. This study...

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...

The challenges posed by high balance of payments deficits that manifest as high saving-investment gaps in Papua New Guinea (PNG) are analysed. Foreign aid can play play a pivotal role to fill these balance of payments or savings-investment gaps. Australia as the largest donor of foreign aid 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....