Seminar paper from the year 2013 in the subject Sociology - Economy and Industry, University of Dhaka, language: English, abstract: The effectiveness of foreign aids to the third world developing countries is a controversial issue. Liberal economists thought, key to economic success is appropriate usage of loans, and if it is utilized effectively, such loans can have a hugely important role to play. Loans can contribute to poverty reduction, to fill the deficit of budget gap, to build big construction such as bridge, roads, public buildings, educational institutions etc. But critique of foreign aid such as Andre Gudner Frank argues that foreign aid is a means of domination, dependency, exploitation to the third world developing countries. In the colonial era, imperialist countries accumulated raw materials, natural resources, mineral resources etc. directly through colonialism or imperialism. In the present neocolonial or neoliberal society, aid is a new form of domination, dependency to the third world countries and also a means of trade, marketing of machineries, technologies etc. Bangladesh, located in South Asia, is one of the poorest countries in the world. According to the UNDP's 2010 Country Summary report, the country has a large population 164.7 million and having GDP per Capita is $ 1300. External debt is $ 316.7 per $ 1000 GDP. Foreign aid both grants and loans has impacts on the economy of Bangladesh. It contributes to the development works like bridge, roads, highways, infrastructural works etc. But it is also leading to growing indebtedness, dependency, domination etc. Padma Bridge project is the most recent and best example of foreign aid as means of development or dependency of a country. World Bank is gradually delaying the project for the acquisition of corruption against SNC- Lavalin Company and former communication minister Sayad Abul Hoshen etc. But there is also acquisition against World Bank that it was itself was in favor of fault lender
About the Author: Atikul Islam, is a thinker and worker for the humanity and public safety. He is founder and president, Center for Strategic Analysis(CSA). CSA is a visionary organization to lead the knowledge society through sociological analysis. Leaders in strategic analysis will be developed through motivation, cooperation, available resources and understanding process through CSA. Available secondary sources of different social issues, policies and contracts on history, culture, religion, economy, agriculture, industry, social change, gender, crime, corruption, environment, disaster, human security, human behavior, education, public health, media communication, migration, ethnicity, globalization vs. glocalization, foreign aid, foreign contracts etc. will be collected to our website. Data will be understood, theoretically framed and sociologically analyzed based on the socioeconomic, environmental etc. contexts of Bangladesh through field research and will be published at CSA website. He has done work on slum dwellers, slum children, autistic children, disaster affected women etc. He has done work on public safety issues such as human security, crime and violence of urban slum dwellers, crime and delinquency of urban poor children, sexual harassment to women etc. He is concern against extremism for social peace and security. He dreams to develop social entrepreneurship to contribute to economic security of poor disadvantaged people. He has published book, ebook, artcles, presentations etc. If you are interested, please visit: http: //www.amazon.com/Crimes-Urban-Slum-sociological-Mohammadpur/dp/3659109371 http: //www.grin.com/en/e-book/213400/foreign-aid-and-development-in-bangladesh http: //www.slideshare.net/atikislam/work-against-extremism-world-is-liberal http: //www.slideshare.net/atikislam/leadership-through-group-work http: //www.slideshare.net/atikislam/sexual-exploitation-through-pornography http: //www.slideshare.net/atikislam/center-for-strategic-analysis http: //atikdu124.wordpress.com/2013/05/23/human-insecurity-at-the-mohammadpur-geneva-camp-dhaka-atikul-islam/ http: //atikislamdu124.blogspot.com/2011/12/vulnerability-of-aila-2009-affected.html http: //atikislamdu124.blogspot.com/2013/04/blog-post.html http: //atikislamdu124.blogspot.com/2013/03/blog-p