Foreign aid, whose growth coincided with the years of the Cold War, is now an accepted part of international relations. This dictionary documents every aspect and phase of aid: the power and influence of the World Bank and IMF; the impact of OPEC; individual government departments responsible for aid; regional and political organizations; the United Nations; and the role of Non-Government Organizations (NGOs). In his wide-ranging introduction, Arnold illustrates the development of foreign aid as a policy tool beginning with the U.S. Marshall Plan and the subsequent development, with the Colombo Plan of 1950, of a new principle in international relations: that the rich, developed countries had a duty and a self-interest in providing economic assistance for poor, less developed countries. Includes bibliography and chronology.
Business-Money, Economics, Development-Growth,