Mária Bábosik – University of Pécs, Doctoral School of Earth Studies, Geopolitical Program, 7624 Pécs, Ifjúság útja 6, Hungary

DOI: https://doi.org/10.31410/ERAZ.S.P.2019.183


5th International Conference – ERAZ 2019 – KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, Budapest – Hungary, May 23, 2019, SELECTED PAPERS

Published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
Conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia;

ISBN 978-86-80194-21-9, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.S.P.2019

Abstract

This paper presents the role of foreign aid in the transition to market economy and fostering
sustainable development in the five countries of Central Asia after they gained independence. It focuses
on the amount and relative size of foreign aid, the main recipient countries, its split by providers, the
largest donors and the major focus areas. It concludes with stating that foreign aid had a positive effect
on some of the important development indicators, but cannot be considered as the main source of progress.
Approach is multidisciplinary, method is descriptive analysis.

Key words

Foreign aid, international development assistance, Central Asia, transition, sustainable
development.

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