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Unformatted text preview: relationship between a nation's investment in defense and civilian goods 4. Aid for whom [what countries receive the most?] The Aid Debate 1. Sachs a. Big Bang: big push in public investment increases productivity b. Type Aid important: for debt relief, not for addressing balance of payments 2. Perkins: aid is a problem for LDCs a. US business interests behind aid & growth b. LDC gets indebted 3. Easterly: small is beautiful [e.g. vs. dams] a. Target social projects: avoid utopian projects [progress in Mexico] Private Non-Aid Sources of Capital 1. BanksLend Money 2. Direct (Foreign) Investment, including by Multinational Corporations 3. Microenterprises...
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