Open AccessForeign Assistance and the New International Economic Order
Author(s) -
Mom Baqai
Publication year - 1977
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v16i2pp.125-143
Subject(s) - prosperity , poverty , order (exchange) , developing country , development economics , population , world population , scale (ratio) , international community , economics , economic growth , natural resource , function (biology) , international trade , political science , sociology , geography , demography , cartography , finance , evolutionary biology , politics , law , biology
Foreign assistance has been an integral part of the existinginternational economic order. It was the major link sustaining a tenuousrelationship between the dominant economic forces moving towards anunprecedented affluence and the large periphery of poverty-riddeneconomies of the developing world. It served the function which privateor public charity performs in traditional societies. It tended to delaythe demand for ensuring a fair and dignified share to the developingcountries in the material gains of human progress. The progress ofmankind in harnessing world's natural resources and in the applica¬tionof science to productive processes has so far benefited a small part ofthe world population though it has a great potential for increasingprosperity on a global scale. International community has not yetacquired a global perspec¬tive in determining its strategy for dealingwith economic issues.