Is foreign aid panacea for African problems? The case of Namibia

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dc.contributor.authorRena, Ravinder
dc.date.accessioned2017-02-20T10:20:01Z
dc.date.available2017-02-20T10:20:01Z
dc.date.issued2013
dc.description.abstractNamibia has experienced impressive growth since 21 years of independence. Current gdp growth rates, estimated at 4–5%, are fuelled mainly by the increasing competitiveness of the mining sector. Mining sector accounts for half of the national foreign exchange earnings. Low scores on capital investment and education, however, is a considerable barrier to greater economic diversification and may contribute to the poor innovation score. As a result, Namibia remains somewhat dependent on foreign aid, despite relatively high average incomes. This paper will discuss the impact of foreign aid on the Namibian economy by systematically analyzing its influence on developing countries using Namibian economy as focus reference. Fifty years since the first official development assistance (oda) programs were instituted, the question of the effectiveness of foreign aid remains an unresolved issue. The purpose of the study is to investigate whether foreign aid is effective in helping Namibia to achieve development goals.en_US
dc.description.abstractNamibia has experienced impressive growth since 21 years of independence. Current gdp growth rates, estimated at 4-5%, are fuelled mainly by the increasing competitiveness of the mining sector. Mining sector accounts for half of the national foreign exchange earnings. Low scores on capital investment and education, however, is a considerable barrier to greater economic diversification and may contribute to the poor innovation score. As a result, Namibia remains somewhat dependent on foreign aid, despite relatively high average incomes. This paper will discuss the impact of foreign aid on the Namibian economy by systematically analyzing its influence on developing countries using Namibian economy as focus reference. Fifty years since the first official development assistance (oda) programs were instituted, the question of the effectiveness of foreign aid remains an unresolved issue. The purpose of the study is to investigate whether foreign aid is effective in helping Namibia to achieve development goals.
dc.description.accreditationInternational Bibliography of Social Sciences
dc.identifier.citationRena, R. (2013). Is foreign aid panacea for African problems? The case of Namibia. Managing Global Transitions, 11(3): 223-241en_US
dc.identifier.citationRena, R. (2013). Is foreign aid panacea for African problems? The case of Namibia. Managing Global Transitions, 11(3): 223-241
dc.identifier.issn1581-6311
dc.identifier.urihttp://hdl.handle.net/10566/2555
dc.languageen_US
dc.language.isoen_USen_US
dc.privacy.showsubmitterFALSE
dc.publisherUniversity of Primorskaen_US
dc.publisherUniversity of Primorska
dc.rightsManaging Global Transitions is an open access journal distributed under the terms of the Creative Commons CC BY-NC-ND 4.0 License. No article submission or article processing fees are charged.
dc.status.ispeerreviewedTRUE
dc.subjectForeign aiden_US
dc.subjectAfrican economyen_US
dc.subjectNamibiaen_US
dc.subjectEconomic developmenten_US
dc.subjectForeign aid
dc.subjectAfrican economy
dc.subjectNamibia
dc.subjectEconomic development
dc.titleIs foreign aid panacea for African problems? The case of Namibiaen_US
dc.titleIs foreign aid panacea for African problems? The case of Namibia
dc.typeArticleen_US
dc.typeArticle

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