Abstract:
The present picture painted by robust economic expansion
in the OECD countries over the past few years has been
marred by a number of serious disequilibriums facing the
world economy: economic growth in OECD countries has
been sustained despite the persistence of major balanceof-
payments disequilibriums; developing countries have
achieved uneven development; and there has been a
reverse net flow of capital from the poor to the rich.
Development assistance policy is one of the most
important means of rectifying these disequilibriums and
achieving balanced growth for all the world's economies.
This paper examines the policies Japan can pursue to
encourage economic development in the Third World. It
reviews international trends in economic assistance thinking
over the last 20 years as well as changes in Japan's
assistance policies.