Remittances and FDI As Privately Provided International Aid

Foreign aid to the world's poor has been a point of contention since the reconstruction period post-World War II.  The battle of ideas and the world race for economic and geopolitical power led to the division of the world into "the West" or the "First World," represented by the capitalist economies; "the East" or "the Second World," represented by the communist economies, including Sovieet Union; and "the Rest" or the "Third World."  Read more of this work in Lessons on Foreign Aid and Economic Development.