Foreign Assistance to Developing Countries and its Effect on External Debt: The Nigerian Experience
- Author Umeh Lucy Chinwe
- DOI
- Country : Nigeria
- Subject : International Relations
Keywords : Conditionalities - Indebtedness, Dependency, Foreign Assistance, Economy
Abstract
This study explored the nexus of foreign assistance to developing countries and its effect on external debt the Nigeria experience. It went further to present foreign assistance as a germane issue in the sphere of international politics and its uniqueness anchored on the interdependency nature of the world. It is also technically more of symbiotic relations in the lexicon of global politics. Thus the relationship between foreign assistance and Nigeria's international indebtedness was ascertained to be the manipulative conditionalities attached to these assistance and this research suggests that Nigeria as a recipient nation, should set up a standard functional policy that will always securitize and restrain strings in order to avert debt burden. This study adopted dependency theory propounded by the dependentas in the late 1960/1970 as framework of analysis with ex-post facto and content analysis as measuring tools.
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