... the shortage of international capital in developing countries. Eroglu (1997) concurred with Mosley by stating that foreign aid supplements the scarce domestic resources for developing countries and also provide the government coffers with the much needed forex which is useful in importing of machinery and other resources that helps in running a countries economy. The absence of foreign aid in many developing ... countries has proved catastrophic with many economies being put into reverse gear. For instance the withdrawal of donor aid in Malawi saw the country's economy grounding to a ha...

• Word Count: 1491
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate