ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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THE LDCs-Learning to Do without Aid

developed countries is shifting away from the third world, just because of their growing interest in prodding the countries of eastern Europe, including the Soviet Union, to restructure their economies is a subject calling for close scrutiny. The developed world's interest in the third world's economic development had been on the wane already. The latest figures put out by OECD confirm this trend. Aid to the developing countries fell in 1989 by 2 per cent in real terms, with the result that the level of aid by the rich countries dropped in 1989 to 0.33 per cent of their GNP

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