© 2016

Western Financial Assistance to the Developing World

Perceptions of the Power Imbalance and its Impact on Fiscal Terms


Table of contents

  1. Front Matter
    Pages i-xvii
  2. Chuku-Dinka R. Spencer
    Pages 1-21
  3. Chuku-Dinka R. Spencer
    Pages 23-78
  4. Chuku-Dinka R. Spencer
    Pages 79-121
  5. Chuku-Dinka R. Spencer
    Pages 123-178
  6. Chuku-Dinka Spencer
    Pages 197-207
  7. Back Matter
    Pages 209-221

About this book


This unconventional book addresses the imbalance of power between countries that give and receive funds for international financial development, with particular attention to the outcomes and impacts of this imbalance on recipient countries. It provides an in-depth analysis of the perceptions that population segments of recipient countries have of the power plays inherent in giving and receiving financial assistance, delving deep into the factors that affect these perceptions to examine how and why developed countries wield power over countries receiving financial assistance. While the text focuses primarily on African countries, it also addresses the broader power imbalance between developed countries in the global north and developing countries in the global south. It also examines perceptions of development assistance and power imbalance between the global south in general and the BRICS countries which provide assistance to the global south in particular.  This book is an ideal tool for those studying the socioeconomic impacts of international financial assistance to developing countries. 


development finance global north global south BRICS Brazil India China South Africa

Authors and affiliations

  1. 1.African Development BankTunis-BelvedereTunisia

About the authors

Before he retired, Chuku-Dinka R. Spencer was Director of Agriculture and Rural Development Department for West and Central Africa at the African Development Bank. He has written several articles on agriculture for the Bank of Sierra Leone Monthly Economic Review, as well as a previous book, Politics, Agricultural Development, and Conflict Resolution: An In-Depth Analysis of the Moyen Bani Programme in Mali.

Bibliographic information

Industry Sectors
Finance, Business & Banking


“Poignant questions are raised, and the discussion that ensues is well-grounded in perceptual psychology. Spencer does well to present the discussion in a manner that should appeal to a wide audience.  I believe this book will benefit everyone interested in the business of international financial aid.” (Harold Greene, Professor of Psychology, University of Detroit Mercy, USA)

“Spencer explains in great detail the concept of power and perception in order to prepare the reader for the ensuing analysis…  [This book] makes a significant contribution to the subject, and the depth of analysis of the various concepts is quite impressive and adequately addresses existing scholarship. The author is eminently qualified.  A quality book on this topic.” (Derris Jenkins-Johnston, manager and chief country economist (retired), African Development Bank)