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Whether Aid/Aide from National and/or International Organisations be a Factor for Developing Socio-Economic Cohesiveness of the Peoples Living in the Country Concerned

Abstract

Most of the States, in particular, those in the developing parts of the world seek and receive “aid” as a supplement to the amount already approved by the foreign government concerned. In certain unforeseeable circumstances, the occurrence of which necessitate an additional amount for completion of the programme, “aid” is sought by the already affected State. However, in most cases, aid is provided by a country or a charity; but unfortunately, in most cases the “aid” money is not returned to the donor. It is suggested that developing countries, in general, should refrain from seeking “aid”; instead, they should seek help from a foreign government/party in the form of “aide” which should be returned by the receiving party in the form of project-related help in the donor country. The equivalence of the aid money should be clearly calculated too.

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Author

Portrait image of Professor Charles Chatterjee
Professor Charles Chatterjee
Senior Research Fellow, Global Policy Institute , UK

Professor Charles Chatterjee who studied law at the University of Cambridge and the University of London is a Barrister in England and Wales and has also acted as an arbitrator. A commercial law specialist (international) with special interest and knowledge in international organisations and their functions in addition to court experience in law as a practising barrister in England and Wales. A consultant to international organisations and private corporations in addition to conducting capacity building training programmes in various countries. Articles in IICJ: “Recognition and Enforcement of Arbitral Awards: How Effective is Article V of the New York Convention of 1958?” International In-house Counsel Journal Vol. 9, No. 36, Summer (2016), 1 “Decisions of ICSID Tribunals on Procedural Issues may not be Confused with their Awards” International In-house Counsel Journal Vol. 10, No 37, (2016) “CAPE DISTRIBUTION LTD v CAPE INTERNATIONAL HOLDINGS PLC How a Parent Company May be Held Liable in Torts for the Negligence of its Subsidiaries”, International In-house Counsel Journal Vol.11, No. 42, (2018)

Company

Global Policy Institute

Academic Institution

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