The core of the debate about foreign aid is reaching a major turning point characterized by shifts from projects to budget support, from financing to an emphasis on debt forgiveness and grants, and from bilateral to multilateral. However, the policy tools for achieving the Millennium Development Goals (MDGs - the international aid community's fundamental development goals) are not particularly clear, and the debate continues as to the relative efficacy of direct poverty reduction and growth-mediated strategies. In addition, whereas the debate about the quantity of aid is unfolding, there has been no deepening of the debate about the quality of aid. In light of these various stances, the objective of this research is to elucidate systematically the foreign aid governance* based on the evidence. Specifically, based on this approach our research will include quantitative analysis using the "trinity model," which links foreign direct investment (FDI), trade, and aid, in regard to disparities in the impact of foreign aid in Asia and Africa, and the causes thereof.