FROM ISSUE NUMBER 68 - SUMMER 1982 GO TO TABLE OF CONTENTS

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Foreign aid: what is at stake?

BASIS YAMEY and PETER BAUER

MR. HOLLIS B. CHENERY, Vice President of the World Bank in charge of economic research, said last year that “Foreign aid is the central component of world development.” How can this be so? Large scale development occurs in many places without foreign aid, and did so long before foreign aid was invented.

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