1. The Benefits of Official Development Assistance (ODA)
... executing agencies. Chenery and Strout (1966) see ODA as an effective instrument to overcome economic failures and hence encourage economic growth through increasing productive investment and technical knowledge. The Benefits of ODA According to Rosenstein-Rodan (1944), poor countries face with backwardness when the important sectors, such as economy and infrastructure, are not adequately invested. To be more specific, these ... countries cannot escape from poverty themselves as their economic growth is hampered by inadequate savings and foreign exchanges, resulting in limited exports a...
- Word Count: 2127
- Approx Pages: 9
- Has Bibliography
- Grade Level: Undergraduate