Development Studies·Trade and Aid · NSSCO 9.2
Foreign investment, aid & the UN agencies
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When a developing country like Namibia does not have enough money of its own to build all the mines, roads, schools and clinics it needs, where can the extra money come from? Two big sources come from abroad: foreign investment and aid. In this lesson we define both, sort out the different forms of aid — bilateral, multilateral, tied, emergency and long-term, and grants versus loans — face up honestly to the problems of foreign investment and the debt trap, and finish by meeting the six United Nations agencies that help countries develop.
What you'll learn in this lesson
By the end you should be able to (NSSCO Development Studies 9.2):
- Define foreign investment and aid
- Describe different forms of foreign investment and international aid: the problem of direct foreign investment and multinational companies, and the effects of foreign loans and credits on the national economy
- Describe the roles of the special agencies of the United Nations toward social and economic development: World Bank, IMF, UNDP, UNICEF, FAO and UNESCO
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