Essay on History Of Aid ( 1940 Till Date )

1610 Words Sep 26th, 2015 null Page
MILESTONES IN THE HISTORY OF AID (1940 TILL DATE)
Aid is a product of hardheaded diplomatic realism, it began as an instrument of Cold war diplomacy and may or may not exist without the Cold war today (Lancaster 2007, p. 25). The origins of large-scale aid transfers date as far back as the nineteenth century, when even in 1896, the United States provided overseas assistance in the form of food aid (Moyo 2009, p.52). Modern day aid started after the World War II with the creation of the Marshall Plan to rehabilitate the economies of Europe which fostered the establishment of the UN, World Bank and The IMF in the 1940s to 1950s (Hjerlthorm & White p.8). The 1950s to 1960s birthed increased levels of industrial production and expansion in Europe. The United States gained increased importance of by granting aid to Japan and restoring vibrancy with major trading partners. The Soviet Union also expanded by donating aid to allies and less. The 1960s was the era of decolonization (Glennie 2008, p. 10). African countries gained independence and started receiving overseas assistance. In the 1970s, aid became Bilateral and multilateral, it focused more on social considerations (Brown 2006, p.16). Non-Governmental Organizations surfaced in the 1980s and aid became a tool for structural adjustment and stabilization in the face of recession (Moyo 2009, p.53). Aid became a tool for strengthening governance and democracy in the 1990s (Aidwatch, 2008). In the year 2000 the Millennium…

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