aid

Question 1

aid

Answer 1

any assistance given to a country that would not be provided through normal market forces

Question 2

reasons

Answer 2

natural disasters/ war response
For development
Political/strategic alliance (strengthen)
fill Savings gap in LEDCs (encourages investment)
improve quality of HR in developing countries
Increase levels of Tech
Development project

Question 3

types of aid

Answer 3

humanitarian aid

development aid

Question 4

Humanitarian aid

Answer 4

to alleviate short-term sufferings

eg food, medical, energy

Question 5

Development aid

Answer 5

to alleviate poverty in the long-run

to countries/ agencies/ multilateral organizations

Question 6

types of development aid

Answer 6

long-term loans (10-20yrs)
tied aid (goods/ services from countries)
project aid (often grants)
tech assistance (level of tech+quality of HR)
commodity aid (increase productivity)