This
paper represent the study about the impact of foreign aid on the economic
growth of Pakistan by taking into consideration previous studies done on the
same topic for different developing countries. As results show that if aids are
properly allocated in desired section which in real need development than it
can prove fruitful but normally aid given to such countries always have some
objective behind that with already defined section where that aid should be
utilized, but if such countries are given free hand to use them they can use
them in their desired section and can have more appropriate and better results
in their development. Also in such countries there come the prospect of corruption
if corruption is properly removed form the roots of that economy than it
necessarily have better developmental result on its economy.
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Shah, S.A.H., Ahmad, I. and Zahid, M.S. (2005) Is Foreign Aid Necessary for the Economic Development of Less Developed Countries with Special Reference to Pakistan?
Veiderpass, A. and Andersson, P.-A. (2007) Foreign Aid, Economic Growth and Efficiency Development. A Data Envelopment Analysis Approach. Sadev Report 2007:01.
Ekanayake, E.M. and Chatrna, D. (2007) The Effect of Foreign Aid on Economic Growth in Developing Countries. Journal of International Business and Cultural Studies.
Fasanya, I.O. and Onakoya, A.B. (2012) Does Foreign Aid Accelerate Economic Growth? An Empirical Analysis for Nigeria. International Journal of Economics and Financial Issues, 2, 423-431.