ECONOMIC IMPACT OF RENEWED SOUTH-SOUTH DEVELOPMENT CO-OPERATION - THE CASE OF INDIA

This paper refers, to the economic impact of India as the provider of concessional resources for foreign development. This renewed phenomenon in international economic relations has significant meaning not only for economic development of India and aid recipients, but also for the pattern of trade and foreign direct investments between those countries. The organization and instruments of India's foreign assistance were presented in connotation with motives and strategic commercial and economic objectives. The paper describes gains for India and Indian companies and for partner countries, as well as possible threats resulting from such a cooperation. Furthermore, the paper points out unique features of the India's economic assistance programme in comparison to other so called "emerging donors".