IMPACT OF FOREIGN AID ON THE ECONOMIC DEVELOPMENT OF THIRD WORLD COUNTRIES A CASE STUDY OF THE US AID TO PAKISTAN
Keywords:Foreign aid, Third World, Pakistan, Economic development, Bilateral relations
This paper analyses the concept of foreign aid, its definitions, nature and various types. It examines effects of foreign aid and establishes that foreign aid has both beneficial as well as adverse effects on the economy of the recipient states. A case study of the aid provided to Pakistan by the US is carried out in order to study the impact of aid. The history of Pakistan’s engagements with the US is discussed, especially with regards to foreign aid. The recommendations given at the end of this study outline the possible ways through which the US aid programmes can be made to result in improvement of bilateral relations.
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