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Internal and External Aspects of Development Plans and Performance in Aid-receiving Countries

In: Methods of Long-term Planning and Forecasting

Author

Listed:
  • H. B. Chenery
  • N. G. Carter

Abstract

The analytical and philosophical basis for the aid and development programmes of the past decade was formulated in the early 1960s.1 In outline form it asserts that: i external resources can be used by underdeveloped countries as a basis for a significant acceleration of investment and growth; ii the maintenance of higher growth rates requires substantial changes in the structure of production and trade; iii external capital can perform a critical role in both resource mobilisation and structural transformation; iv the need for concessionary aid declines once these structural changes are well under way although further capital inflow may be needed.

Suggested Citation

  • H. B. Chenery & N. G. Carter, 1976. "Internal and External Aspects of Development Plans and Performance in Aid-receiving Countries," International Economic Association Series, in: T. S. Khachaturov (ed.), Methods of Long-term Planning and Forecasting, chapter 14, pages 303-333, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-02649-4_14
    DOI: 10.1007/978-1-349-02649-4_14
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    Cited by:

    1. Thomas Gries & Margarethe Redlin, 2009. "China's provincial disparities and the determinants of provincial inequality," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 7(2), pages 259-281.

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