APEC & Development Co-operation
Mohamed Ariff
Jan 1998 · ISEAS series on APEC Book 5 · Institute of Southeast Asian Studies
Ebook
185
Pages
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About this ebook
The traditional form of official development assistance (ODA) has assumed less importance. With more liberalized conditions fostering a more open economic environment in the developing countries, private resources and multilateral bank lending have assumed a leading role. This means that those countries not favouring open policies will be left behind while they rely on ODA as the only resource -- yet this resource is declining.Following the devastations caused by the 1997 Asian Currency Crisis, it is clear that coherent APEC guidance to create sufficiency in infrastructure is necessary. A reassessment of ODA for infrastructure is recommended while not demeaning the dependence of some poorer nations on the traditonal form of development assistance.
About the author
Mohamed Ariff hold the Chair of Analytical Economics in the Faculty of Economics and Administration, University of Malaya, Kuala Lumpur.
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