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Osmund Osinachi Uzor

Osmund Osinachi Uzor

Osmund Osinachi Uzor (PhD) works at the Institute for World Economics and International Management, University of Bremen, Bremen, Germany.

Osmund Osinachi Uzor: Foreign aid in the era of globalization

There have been several theoretical and empirical evidences from researchers, public debates from practitioners and experts, and discussions from students and activists, on whether foreign aid works or not.

Is it Goodbye Foreign AID?

The MDGs are remarkable events in this 21 century in the sense that the goals have led to increased awareness, coherence and global mobilisation of resources for poverty reduction. The MDGs have also shown that poverty is not a national or regional issue but a serious global problem. The 2003 Rome Declaration on Aid Harmonisation and 2005 Paris Declaration on Aid effectiveness in terms of Aid coordination are measures designed to accelerate progress in the overall attainment of MDGs. The implication of these Aid coordination measures is that the strategic behaviour of donors in terms of using Aid to influence and achieve their goals has reduced (Mavrotas, 2007).

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