The Consortia Technique

International organization of aid presents two basic difficulties: 1) Major economic development aid should best be conceived as a supplement to total national development effort, not to single parts of it. This means that a program approach rather than a project approach should be applied in financ...

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Bibliographic Details
Published in:International organization 1968, Vol.22 (1), p.223-230
Main Author: Rosenstein-Rodan, Paul N.
Format: Article
Language:English
Subjects:
Developing countries
Economic development
Financial investments
Foreign aid
International agreements
International development
International loans
International organizations
International political organizations
Multilateral aid
Citations: Items that cite this one
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Summary:International organization of aid presents two basic difficulties: 1) Major economic development aid should best be conceived as a supplement to total national development effort, not to single parts of it. This means that a program approach rather than a project approach should be applied in financing. Only a program can show whether projects are additional and optimal. While every program must be spelled out in projects, the sum total of individually worked out projects will not add up to a program.
ISSN:0020-8183
1531-5088
DOI:10.1017/S0020818300013539