Abstract
This chapter introduces development finance as a contract much like a trading contract, between the dominant and the non-dominant forces. It looks at financial assistance in the context of traditional and non-traditional providers. It introduces the concept of unequal relationship among the development finance parties and the perceptions of the population in the recipient countries as well as the motivations of the donors. Theories of such authors as Berger,37 Axelrod,38 Gibson,39 Berk,40 Powers,41 and Ballesteros et al.,42 and notions such as Gibsons’ notion of “affordance” are introduced. It initiates the concept of “power to” and “power over” as discussed by authors including, Lukes,43 Dowding,44 Foucault,45 Nagel,46 Scott,47 and Morris.48 It shows the need to discuss the perceptions of the peoples in the recipient countries.
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Spencer, CD.R. (2016). Introduction: A Sense of the Context. In: Western Financial Assistance to the Developing World. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-58399-4_1
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