Abstract
The paper examines the origin of international aid and its
evolution over time. It explores that although aid existed in
different forms, it officially began after the World War II and has
become truly institutionalized since then. The paper then discusses
in detail various forms and objectives that aid was supposed to
accomplish. It explores that during the last more than six decades,
aid has considerably evolved and has been utilized to achieve
multifaceted objectives including economic growth, improving and
building physical infrastructure and reducing extreme poverty in
underdeveloped countries. The paper concludes by highlighting the
current trends in international aid and depicts a relatively
contemporary scenario of the aid and development industry.
Murad Ali, Alam Zeb. (2016) Foreign Aid: Origin, Evolution and its Effectiveness in Poverty Alleviation, The Dialogue, Volume 11, Issue 1.
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