Bangalore International Centre had arranged a Talk on “Foreign Aid – Blessing or Curse?” on Friday, the 9 th January, 2009 at 6 pm in its Conference Hall. Prof. K P Chandrashekhar, Fellow, Southern Regional Centre, The Energy & Resources Institute (TERI) delivered the Talk. The Power Point presentation presented by him is attached herewith for reference.
In his presentation, Prof. Chandrashekhar outlined how the developing countries in Asia, Africa and Latin America have looked at Foreign Assistance as an essential tool to accelerate development in their respective countries and how the developed countries have looked at the issue while extending assistance to the under-developed countries. According to him the governmental levels of aids and assistance extended to the under-developed countries usually have their own hidden political and economic agenda, whereas the recipient countries do not often have a well-laid out strategy or capability to utilize such aids/assistance. This inevitably leads to an overwhelming dependence on foreign aids as well as misutilisation. Prof. Chandrashekhar was of the opinion that development, in order to be successful, must have its own independent and indigenous strategy which may differ from country to country. The consensus in the interactive session which followed was more or less in favour of his views, though there was a lone voice which thought that his views were cynical!