Trade And Aid

Trade and aid in Global Commerce Policy

In this regard, a definition of this issue is as follows: this refers to the range of policy issues subsumed in the aim of promoting the economic growth of developing countries through a greater harmonization of trade policies and aid policies of developed countries. Frequently, this is done through the provision of tied aid or mixed credits for the funding of projects that are not commercially viable in themselves, but which can make a contribution to the export performance of the recipient country. Some point out that there can, however, be an inherent contradiction between the aim of fostering the economic development of developing countries and the willingness of donor countries to open their markets to the newly emerging production and export capacity. There is therefore a view that the concept of trade and aid is no more than a way to subsidize exporters in donor countries. See also official development assistance.[1]

Trade and aidin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Trade and aid” entry (OAS)

See Also