Aid

Question 1

Bilateral aid

Answer 1

aid transferred directly from one country to another

Question 2

multilateral aid

Answer 2

money that is put into international organisations such as imf and UN and is then transferred to the developing world through grants/loans

Question 3

modernisation theorists argue that aid is…

Answer 3

modernisation theorists argue that aid is essential for development as it helps kickstart the economy and shift norms and values. for example, in the early stages of rostows model, countries require aid in the form of capital investment which in turn helps form an industrial base

Question 4

what sector do modernisation theorists believe that aid should be invested into

Answer 4

modernisation theorists such as rostow and parsons believe that the presence of an affluent middle class is crucial for development. thus aid should be invested into university level education as they argue that through stratified diffusion, modern, individualistic values from the middle class would reach the lower classes.

Question 5

what do modernisation theorists argue that the investment of aid will result in for developing countries

Answer 5

therefore aid is an essential source of investment which results in a higher-skilled workforce and further integration into the global economy