... many commentators simply picking out the facts which suit their particular ideological perspective. In this essay we will assess how the different forms of foreign aid affect LDC's, examine the opposing theories of dependency and modernization in relation to development assistance, and finally, question whether the current forms of foreign aid are maximizing their utility. With the Marshall Plan and the dramatic european recovery still fresh in every politicians minds, the idea of foreign aid began to be attractive to both donor and recipient during the 1950's. In this decade the ex-colonies began to ralize just how dependent they still were on the former imperial powers. The USA, plus the major european nations believed that providing foreign aid would not only allow a measure of continuing control over their former charges, but also help contain the threat of communism. It was in these circumstances, with no doubt large amounts ...

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