Foreign Aid as a Factor of Development of Economy of the Developing State: The Experience of Pakistan

The aim of this study is to analyze the use of foreign aid for stimulating economic development using the case of Pakistan and to find out advantages and disadvantages of raising national financial resources through foreign aid. The article analyzes the evolution of the policy of attracting financia...

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Autor principal:	N. V. Galistcheva
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2019
Materias:	the economy of pakistan the liberal reforms the rate of gross savings and the rate of gross capital formation in pakistani economy the foreign aid to pakistan the main donors of pakistan the technical assistance in the pakistani economy pakistan as a recipient of the foreign aid the self-assured and self-sustained growth the arab countries of the persian gulf as the financial donor of pakistan china as the new financial donor of pakistan grants in the pakistani economy the humanitarian assistance to pakistan International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/8bd4428398ba4b14a27928cbb2715202
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spelling	oai:doaj.org-article:8bd4428398ba4b14a27928cbb27152022021-11-23T14:50:41ZForeign Aid as a Factor of Development of Economy of the Developing State: The Experience of Pakistan2071-81602541-909910.24833/2071-8160-2019-2-65-136-158https://doaj.org/article/8bd4428398ba4b14a27928cbb27152022019-05-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/927https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The aim of this study is to analyze the use of foreign aid for stimulating economic development using the case of Pakistan and to find out advantages and disadvantages of raising national financial resources through foreign aid. The article analyzes the evolution of the policy of attracting financial resources through this channel, as well as the main Pakistani donors and their conditions.The author uses the most representative theories which consider the consequences of attracting foreign assistance to the national economy making the theoretical basis of the study a synthesis of the concept of aid as the most important factor to stimulate development and M.A. Rahman’s approach to determining an impact of foreign aid inflows on economic growth. The article emphasizes that foreign aid has always been very significant in stimulating the development of the Pakistani economy due to the serious limitation of the volume of national capital since its independence. The author considers the effectiveness of assistance provided to Pakistan during the import substitution period of its economic policy. The construction of large objects of heavy industries and infrastructure in various regions of the country was financed from external resources.The article also analyzes the current volume, conditions and forms of foreign assistance provided to Pakistan. The author considers the main donors of the Pakistani economy in the 1990s and 2010s and reveals the tendency of shifting the terms of aid’s allocation from grants to concessional loans, which inevitably leads to an increase in the volume of the country's external debt.N. V. GalistchevaMGIMO University Pressarticlethe economy of pakistanthe liberal reformsthe rate of gross savings and the rate of gross capital formation in pakistani economythe foreign aid to pakistanthe main donors of pakistanthe technical assistance in the pakistani economypakistan as a recipient of the foreign aidthe self-assured and self-sustained growththe arab countries of the persian gulf as the financial donor of pakistanchina as the new financial donor of pakistangrants in the pakistani economythe humanitarian assistance to pakistanInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 2(65), Pp 136-158 (2019)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	the economy of pakistan the liberal reforms the rate of gross savings and the rate of gross capital formation in pakistani economy the foreign aid to pakistan the main donors of pakistan the technical assistance in the pakistani economy pakistan as a recipient of the foreign aid the self-assured and self-sustained growth the arab countries of the persian gulf as the financial donor of pakistan china as the new financial donor of pakistan grants in the pakistani economy the humanitarian assistance to pakistan International relations JZ2-6530
spellingShingle	the economy of pakistan the liberal reforms the rate of gross savings and the rate of gross capital formation in pakistani economy the foreign aid to pakistan the main donors of pakistan the technical assistance in the pakistani economy pakistan as a recipient of the foreign aid the self-assured and self-sustained growth the arab countries of the persian gulf as the financial donor of pakistan china as the new financial donor of pakistan grants in the pakistani economy the humanitarian assistance to pakistan International relations JZ2-6530 N. V. Galistcheva Foreign Aid as a Factor of Development of Economy of the Developing State: The Experience of Pakistan
description	The aim of this study is to analyze the use of foreign aid for stimulating economic development using the case of Pakistan and to find out advantages and disadvantages of raising national financial resources through foreign aid. The article analyzes the evolution of the policy of attracting financial resources through this channel, as well as the main Pakistani donors and their conditions.The author uses the most representative theories which consider the consequences of attracting foreign assistance to the national economy making the theoretical basis of the study a synthesis of the concept of aid as the most important factor to stimulate development and M.A. Rahman’s approach to determining an impact of foreign aid inflows on economic growth. The article emphasizes that foreign aid has always been very significant in stimulating the development of the Pakistani economy due to the serious limitation of the volume of national capital since its independence. The author considers the effectiveness of assistance provided to Pakistan during the import substitution period of its economic policy. The construction of large objects of heavy industries and infrastructure in various regions of the country was financed from external resources.The article also analyzes the current volume, conditions and forms of foreign assistance provided to Pakistan. The author considers the main donors of the Pakistani economy in the 1990s and 2010s and reveals the tendency of shifting the terms of aid’s allocation from grants to concessional loans, which inevitably leads to an increase in the volume of the country's external debt.
format	article
author	N. V. Galistcheva
author_facet	N. V. Galistcheva
author_sort	N. V. Galistcheva
title	Foreign Aid as a Factor of Development of Economy of the Developing State: The Experience of Pakistan
title_short	Foreign Aid as a Factor of Development of Economy of the Developing State: The Experience of Pakistan
title_full	Foreign Aid as a Factor of Development of Economy of the Developing State: The Experience of Pakistan
title_fullStr	Foreign Aid as a Factor of Development of Economy of the Developing State: The Experience of Pakistan
title_full_unstemmed	Foreign Aid as a Factor of Development of Economy of the Developing State: The Experience of Pakistan
title_sort	foreign aid as a factor of development of economy of the developing state: the experience of pakistan
publisher	MGIMO University Press
publishDate	2019
url	https://doaj.org/article/8bd4428398ba4b14a27928cbb2715202
work_keys_str_mv	AT nvgalistcheva foreignaidasafactorofdevelopmentofeconomyofthedevelopingstatetheexperienceofpakistan
_version_	1718416660158742528

Foreign Aid as a Factor of Development of Economy of the Developing State: The Experience of Pakistan

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