ABSTRACT
There are many reasons for a critical reappraisal of foreign aid and its relation to development. During the 1970s there arose a series of challenges to many of the long-prevailing ideas about foreign aid: spokesmen for the Third World made increasingly blunt attacks from various international platforms on the advanced, industrialized countries and their policies. The industrialized Northern countries, on the other hand, are not inclined to relinquish their dominance in the International Monetary Fund, the World Bank, the General Agreement on Trade and Tariffs, and other crucial institutions of the current international economic order. A leading advocate for a new regional approach to international economic affairs is the European Economic Community. Unfortunately, there has been, as this is written, far too little in-depth, sustained examination of just what any new official American plan for foreign aid ought to be and how it might be carried out.
