The Pros And Cons Of Foreign Economic Aid

The Pros And Cons Of Foreign Aid
To Aid or Not to Aid
Foreign aid has played an enormous role in the United States government policy, especially since the mid–twentieth century, following World War II. At
that time, the U.S. began providing financial aid, through the Marshall Plan, to help rebuild Europe (Williams, 2015). Today, foreign aid has evolved to
mean a variety of things. Foreign aid is not strictly financial assistance. According to Williams in the Encyclopedia Britannica (2015), foreign assistance
can include military assistance or equipment, medical assistance or equipment, or technical assistance and training. However, the most common foreign
aid is official development assistance, which is organized through international organizations such as the World Bank, International Monetary Fund or
UNICEF and used to address poverty and promote development (Williams 2015). Many people feel in the United States feel that it is necessary to
provide foreign assistance to the world. It is thought that helping less developed economies improves the market for everyone. Others feel that many
people are in need here in the United States and that it does not make sense to send aid to other countries when people need right in their own city,
state, or country. Most people think that a large portion of the U.S. budget is devoted to foreign aid. In contrast, according to Rutsch (2015), "the U.S.
spends less than 1 percent of the federal budget on foreign aid". With the state of the world today,
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Persuasive Essay On Foreign Aid
Ever had that one friend? The one who tries to help, but no matter how hard he tries, he just aggravates the situation. This friend, Steve, insists he is
helping, and those around, too, would support that he is indeed helping. But Steve is actually worsening the circumstances. He is like countries who
provide foreign aid to less developed countries. Foreign aid, defined as "the international transfer of capital, goods, or services from a country or
international organization for the benefit of the recipient country or its population," can be military, economic, or humanitarian ("Foreign"). It is often
granted to less developed countries in order to evoke government reforms or to stimulate economic growth. However, foreign aid neither elicits
government reform, nor does it consistently and reliably stimulate economic growth; therefore, the United States should discontinue providing foreign
economic aid. When Steve tries to help, he insists he is improving the situation and creating a higher quality environment. Comparably, foreign aid is
often granted to reward just, democratic governments, or induce reforms from autocratic governments. On the contrary, according to the World Bank's
Assessing Aid, foreign aid and reform have little relation. Rather, foreign aid is more harmful than beneficial. Katherine Erbeznik writes in Money
Can't Buy You Law: The Effects of Foreign Aid on the Rule of Law in Developing Countries, "Instead of promoting good governance, foreign aid can
skew

FOREIGN AID IS A BAD THING FOR AFRICA
INTRODUCTION
Africa, said to be the youngest of them all yet at the same time the poorest of them all. It is easy to say and conclude the challenges inflicting pain to
people on the African soil. One without doubt might mention poverty, HIV/AIDS, illiteracy amongst others. What we do not know is that underlying
all this challenges that Africa is facing is a darker serpent which silently rips Africa apart and that is "Foreign Aid". Foreign aid was always a terrible
idea for Africa. Before going a further step I would like to define "Foreign Aid". According to World Vision Australia foreign aid exist in three different
forms:
1.Bilateral Aid is the assistance given by a government directly to the government of another country this is usually the largest share of a country's aid
and for the purposes of this research paper this is the form of foreign aid that will be discussed at length.
2.Non–government aid is the assistance provided by a non–government organization (NGOs) like World Vision, the Red Cross and Oxfam. The money
for this...show more content...
An example of such a case was in 1970s the then president of Central African Republic was once quoted saying "Everything around here is financed
by the French government. We ask the French for money, get it, and waste it". And later that year he went on to spend $20 million on his
inauguration ceremony after the French government had given them $38 million. In 2008 my own head of state, King Mswati 3 of Swaziland spent
more than $3 million on his birthday celebration while the country had the highest HIV/AIDS prevalence at that time (Redvers, 2011). If this trend is
to go by then it shows that African governments and their leaders are facing high levels of corruption which can be curbed by stopping foreign aid to

Why Is Foreign Aid Bad
Whether or not foreign aid is being used as a tool or as a weapon remains a question. Each year we use foreign aid to threaten hungry countries all
over the world. People fear the United States will withdraw from any type of aid they are associated with causing even more trouble than good. About
half of U.S. foreign aid goes to the six countries that are Washington's allies; these are against terror attacks and drug transportation. Foreign aid is
viewed as good because it makes the world a safer place, it leaves countries cleaner and healthier, however others view it as harmful because of the
cost, it fuels rampant corruption in countries that receive it, and it creates poverty.
Foreign aid has been the cause of many countries failing over...show more content...
Foreign aid is the assistance given to other countries in a time of need. Foreign aid is there to provide mostly military assistance during or after a
time of despair. Foreign aid has many advantages and disadvantages. Foreign aid benefits other countries health which makes the world a healthier
place all around. It is also our job as a stronger nation to contribute to less fortunate countries. If it wasn't for foreign aid, many countries wouldn't be
half of what they even are today. However, Foreign aid is continuing to cause moredebt for us as a country. The northern hemisphere of the world is
also receiving more assistance than the Southern part of the world, which could cause frustration with the united states. Overall, foreign aid is a concept
which can be argued on either

Foreign Aid Essay
EFFECT OF FOREIGN AID IN KENYA
1. Introduction
Foreign aid is usually associated with official development assistance, which in turn is a subset of the official development finance, and normally
targeted to the poorest countries (World Bank, 1998). Foreign aid represents an important source of finance in most countries in sub–Saharan Africa
(SSA), where it supplements low savings, narrow export earnings and thin tax bases. In recent years the donor community has become more stringent
about fiscal discipline and good policies, which has led to freezing of donor funds to governments that do not conform with aid conditionalities. The
Kenyan government has experienced such aid cuts in the past.
1.1 Definition
The standard definition of...show more content...
A well–designed aid plan can support effective institutions and governance by providing more knowledge and transferring technology and skills. It is
recommended to decentralize the aid flows in recipient countries. Money aid is important but idea aid is even more important. Aid can be the midwife
of good policy in recipient countries. In poor–policy countries, idea aid is especially more essential than money aid. This implies that in a good–policy
environment, aid increases growth via the investment channel whereas in a poor–policy environment, it nurtures the reforms through policymakers
training or knowledge and technology transfer. These non–money effects are believed even more important and viable than the money value of aid. Aid
works much better where the reform is initiated or internalized by local government rather than when it is imposed by outsiders. Therefore, aid is
normally more effective when it facilitates efficiently and timely reforms triggered by the local authority (World Bank, 1998).
Foreign aid or (development assistance) is often regarded as being too much, or wasted on corrupt recipient governments despite any good intentions
from donor countries. In reality, both the quantity and quality of aid have been poor and donor nations have not been held to account. In 1970, the
world's rich countries agreed to give 0.7% of their gross national income as official international development aid, annually. Since

Foreign Aid Essay
Foreign aid is defined as the help given by one nation's government to another nation to help with social and financial advancement. Also, foreign
aid is used in order to help a country to respond a disaster such as natural disaster, disease, etc. It can include providing financial help, medicines
(science), food, clothes, etc. Likewise, foreign aid can be used for education (knowledge), infrastructures, equipment, and to fight poverty. I believe
that foreign aid helps poor countries especially when it is well designed, and delivered, works, saving the lives of many and helping to promote
economic growth. In addition, it is good for those countries in need because it is free, good for the improvement of a poor countries economy, and it
...show more content...
Creating nations themselves accentuate this point, however, in the rich world, it is frequently overlooked. So too is the way that money–related guide
and the further opening of well–off nations' business sectors are devices with just a constrained capacity to trigger development, particularly in the
poorest nations. As we learned in this class, poor countries are abundant in cheap labor and natural resources. The financial foreign aid helps countries
to invest opening markets to important exports. For instance, some financial aid promotes microcredit which is a very small loan to some particular
individuals in poor countries to stimulate economic development, so that they can start small businesses.
Foreign aid helps to save lives of many because of its well–designed programs. On the health front, smallpox has been annihilated, newborn child death
rates have been brought down, and diseases like diarrhea has been well treated. Help programs have enhanced ladies' entrance to present day
contraception and helped the improvement of the education system. Aid additionally pays for a significant part of the (still–restricted) access to AIDS
drugs in poor nations.
Foreign aid helps poor countries to reduce or stop angry sentiments. How do you know you are poor? You will know if you see someone better off
than you. Relative deprivation is the absence of assets to maintain the eating routine,

Foreign Aid Essay
Foreign Aid Foreign Aid, charity, development assistance...whatever you call it, it has become a global activity. The assistance is delivered by various
means: government–to–government, pooled multilaterally or channeled through non–governmental organisations of all sizes. Actually, the bulk of
foreign aid is funneled through international financial institutions like the World Bank, which gives grants, loans and advice, and the International
Monetary...show more content...
A Trickle Too Little Whether America intentionally usedfood aid to turn Africans into consumers of wheat, and especially American wheat, is
debatable. But David Sogge suggests that the political and economic interests of donor or lender countries usually influence who gets foreign aid and
how. Relieving poverty has only relatively recently becomes a fundamental criterion for assessing aid's success.
"Until about three or four years ago," explains Sogge, "aid did not particularly take poverty into account. Poverty would be something that would be
resolved once the benefits of broad development would trickle down to poorer people."
Delivery Problems This trickle down theory, which says if you improve things at the top they will eventually improve things at the bottom, has not
worked. In his book, David Sogge cites numerous studies that show how aid programmes have had a negative impact on economic growth and have
usually created greater income inequalities. But can we place most of the blame on the givers of aid? Problems do occur once the money and materials
arrive in the country of destination.
"Corruption and malpractice is an old one and it cuts across many systems of public assistance. Clearly this has occurred with foreign aid. One of the
aid industry's

Foreign Aid
Hey, so today we are going to be talking about globalization and foreign aid. More specifically about how foreign aid continues to hinder development.
So the first thing that we have to do is Define development and foreign aid with two definitions separate from each other. What is development? The
center of global development Define development as a system–wide manifestation of the way that people, firms, Technologies, and institutions interact
with each other within the economic, social, and political system. Specifically development is the capacity of those systems to provide self–organizing
complexity. All right, so now we have to Define foreign aid but on a more serious note the organization for economic cooperation and development
...show more content...
Sometimes it's receiving countries hindering themselves from getting foreign aid. Let's take the example of the Ugandan government. In 2014, the
Obama Administration warned Uganda that if they pass the anti–gay law that they would pull there Aid funding. The Ugandan government pass the
Bill anywhere. And the US stuck to its word and pulled all their funding from Uganda. So this is seen as somewhat of a conflict because the US, as
a permanent member of the UN, has to uphold the UN Declaration of Human Rights. Pulling the aid was supposed to stop Uganda from passing
this law, however it didn't. So now the Ugandan government has hindered its own people because the money that came from the US Aid was
being used for HIV / AIDS testing and Medicine, A clinic, and many other health resources. This could easily be because of what Moisi (2007)
calls a culture of fear, and the fear of being ruled by an outside force because the Ugandan government stated that they will not be blackmailed nor
will they bow down even if their funding was pulled. This is also a good example of what Diamond (2003) says when he states "all the major threats
facing us today are problems entirely of our own

The Importance Of Foreign Aid
Foreign aid is given to selected developing countries, and is necessary in order to protect the people and build a stable society. Australia is part of the
worldwide foreign aid commitment and plans to give $3.9 billion over 2017 and 2018. Australians believe everyone should live with basic human
rights which is why we give aid, and help countries by contributing money, food and resources. The main types of aid are humanitarian aid, which is
disaster/emergency relief and development aid, which is a long–term commitment between nations. Australian aid is mainly focused on development
aid, and helps nations worldwide. Interestingly, 90% of Australia's foreign aid goes toAsia–Pacific countries such as Indonesia and Papua New Guinea.
This gives Australia a stronger relationship with regional nations, providing the country with a strong relation, trading partner and partner in defence.
Aid is a polarizing issue that divides the nation due to the two differing views on Australia giving aid, should the country give foreign aid or not? A
strong foreign aid program is vital for Australia to build successful relations and regional security.
A large section of the population believes that Australia should reduce the amount of aid given. The article What is the future of foreign aid? (Article
1) published by the guardian is against foreign aid in its current form. This is justified through the article quote "The debate over the extent of aid is,
and whenever it should continue is

Introduction:
As a developing countries Bangladesh can not meet its all demand by own economic ability so it takes foreign aid for implementing its
development purposes. It has got foreign aid for its several development issues like Jamuna and Padma Bridge. Not only structural development is
implemented by foreign aid but also several long term policy and projects are done by it. But the effectiveness of foreign aids to the third world
developing countries like Bangladesh is a controversial issue. Liberal economists argue that aids both in the form of grants and loans can play vital
role to the development of any country, if it is channeled through proper biding and use effectively to the development projects. In contrary of that, aid
causes debt entrapment, dependency, domination etc. to the third world country like Bangladesh.
Some scholars like Jeffrey Sachs, Joseph Stiglitz, Nicholas Stern have argued that although aid has sometime failed, it has supported poverty reduction
and growth in some countries, but critics such as Milton Friedman, Peter Bauer, William easterly have argued that aid has enlarged government
bureaucracies, perpetuated bad governments, enriched the elite in the poor country or just been wasted.
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. Though prime focus of aid is economic development, aid has contributed to governance,

Argumentative Essay On Foreign Aid
Foreign Aid: Is it really helping? Foreign Aid is something that people rely on, but the U.S. is deciding to drastically cut back their foreign aid
budget to try to focus on their own needs. Many people think getting leverage over struggling countries by giving them aid will be a huge benefit to
the U.S. The countries receiving aid are in dire need of help and this foreign aid money goes a long way to try to bring that. However, countries do
have their own problems and might need to try and fix those first before they focus on foreign aid. Therefore, with a large amount of foreign aid
money going into the war ravaged middle east, it is hard to put money into something that could get blown up the next week. Foreign Aid is
complicated and has many aspects that can be hard for a lot of people to understand. Foreign Aid is considered to be beneficial and detrimental, while
it helps millions and gives large countries much–needed leverage over struggling countries, it can also be put to waste by unstable countries riddled
with terror. Foreign Aid can have many benefits to the country giving the aid such as political leverage. With the U.S. having more political influence
in countries that have rich resources through foreign aid, this can help them trade with those countries and can also influence those countries to side
with the U.S. in worldwide issues. For example, in H.R. 3354 congress wants to make cuts to foreign aid in Africa, however in a statement from the
White House

It is stated that global growth and development has increased by 3.3% in 2015. The findings are less than the calculated 6.1% documented for the
previous year. In total, in 2013, over 130 billion dollars have been contributed to development in specifically, developing countries and countries far
below the poverty line. Many countries maybe facing their internal financial issues, but the funding towards developmental assistance has increased.
This paper is focused to investigate if foreign aid is in fact assisting the appropriate and relevant subjects. To demonstrate the effect of foreign aid on
developing countries, data has been used from developing countries on different continents, such as sub–Saharan Africa, and Asia. The correlation
between the net ODA (official development assistance) given and the GDP (gross domestic product) is not significant, even though the coefficients
between the FDI (foreign direct investment) and the GDP establish a positive correlation. Developing countries are advised to keep their savings rate
low, and not attempt at utilizing policies in order to grow their economies alone according to the current aid policies towards foreign aid. Foreign aid
is meant to help and truly assist developing countries to reach out of their poverty line and grow their economies. After analyzing the countries, the aid
received, it will be evidently shown that foreign aid does not help the underdeveloped and poverty poisoned countries.
Introduction:
In the

Should We Put An End To National Debt?
America is known to always be there help others around the world, but many think we've gone too far. The National Debt is at it's all time high of
$19 Trillion, and we are unable to afford to give out any more money. On the other hand, foreign aid is probably the biggest reason why the countries
we help haven't attacked us. There's many pros and cons to this question, but in reality, foreign aid is needed. Whether we're in debt or not, that doesn't
mean we should abandon others because it's gotten a bit tough. The main motivation for sustaining foreign aid would be that foreign aid programs are
important for American National Security. Andrew Natsios, who is a professor at Georgetown University, makes a compelling argument as to why we
should...show more content...
As Michael Cantrell puts it on ConservativeTribune.com, "Putting a stop to foreign aid is the first step in reigning out of control spending and
helping foreign nations to learn how to stand on their own two feet without being dependent on others for economic prosperity." This means that
cutting it would force these countries and their leaders to help themselves. "If this debt continues to grow, it could lead to an economic collapse,
and then everyone loses... and a good place to start slashing our spending is the $30 billion we send to other countries." Cutting the foreign aid
would give us the chance to finally work on getting out of debt, even though it seems impossible. Yet, if we don't try, we'll never get out of the hole
that we coincidentally dug for ourselves. America is struggling with our debt, and if we cut foreign aid, it could have many positive, as well as
negative, effects on the World. Ultimately, one person doesn't have a say on whether or not we should cut it, but if we sit down and weigh our our
options, as well as the consequences coming with it, America could definitely make the right choice. Neither option seems to be better, but we need to
consider our future, as well as our children's

Essay on The Benefits of Foreign Aid
An enlarged, long–term program of economic assistance to the peoples of Free Asia, the Middle East, Africa, and Latin America is justified on this
positive and constructive basis; it is in the interest of the United States that we and our children live in a world of independent, open societies, each
developing its own version of political democracy...our enemy is poverty, despair, stagnation and the fear that only totalitarian methods can lift a poor
agrarian society into sustained growth. Our task is to demonstrate in this generation that economic growth and human liberty can evolve hand in hand.
President John Fitzgerald Kennedy, 1961
President John F. Kennedy established the U.S. Agency forInternational Development (USAID) in...show more content...
There are many Americans who live in poor conditions, and the United States should consider their needs first before considering the needs of foreign
people. The destitute and penniless Americans have priority over the destitute and penniless foreigners. According to Senator Jesse Helms, "We've
reached a place in our foreign policy that we need to concentrate on what's good for America and stop this business of handling out money to
gonernments all over the world." America's first priority should be toward's the citizens of its nation.
Tens of thousands of Americans are losing their jobs. In some states there's no gasoline for school buses, and rural children are staying at home. In
many of America's cities, water and sewer systems are cracking with age; whole sections of cities are beginning to look like sets for post–nuclear war
films. Dangerous toxic–watse dumps remain dangerous because there is no money to clean them up. Too many Americans are hurting. (Reese A22)
Another reason for not providing foreign is is due to the overpopulation of the world. There are too many people and not enough food to feed them
with. The number of people outstrip the food supply, and helping them will only prolong their agony. According to John Harpers, author of What
Libertarianism Is, "Population growth is outstripping food production, ... the more people who are saved the more misery there will be in the long
run." The

Argumentative Essay On Foreign Aid
Foreign Policy is a very complex and difficult subject to discuss with others. It is not a policy that you can make a rash decision over because it can
hurt your country's future if you're not careful. Internationalism is vital for the United States' it has developed unshakable alliances and we have
benefited greatly when standing up and playing a leadership role on the international stage. From helping countries on the brink of an economic
collapse to protecting countries from a potential nuclear attack. Internationalism is massively important to our economy and our influence around the
world. Individuals like Donald Trump are threatening to withdraw troops from affairs we are currently involved in and reduce the amount of money
we send. This will reduce our credibility as a nation and many countries across the world will feel betrayed.
The U.S. spends more money than any other country on earth on foreign aid. Foreign aid is resources that a country voluntarily donates to another
country. "This aid can come in many types it can be money, food, technical assistance, program aid, international research and intelligence."
(Wikipedia). We typically give this money to countries who are in dire need of it like Afghanistan. "Afghanistan receives more Foreign Aid from the
U.S. than any other country. This money is allocated to help create jobs, a national education system, assist with healthcare and basic infrastructure like
schools and hospitals." (CNN). Some say it does more

Essay about Foreign Aid in Africa
Over the last 50 years, the world has struggled to maintain an economic balance and stability, while flourishing countries try to maintain a steady
income to support its people and relations with other countries. Therefore, when a continent like Africa fails to maintain a stable government and
economy, super powers such as America decide to intervene with its relations.Africa has great potential to become another pillar of the world's
economic structure with its mass amounts of uncultivated land. Unfortunately, corruption and irresponsible governments hinder that progress. Foreign
aid while helpful should be limited to a yearly amount because it allows the government to repudiate responsibility and gives room for corruption; it
creates a...show more content...
The donations or tax paying dollars that go through the governments doesn't go to the intended uses that the people would have hoped. Money that is
spent goes to paying off the drug cartels and gangs to ensure safety for certain people. The trickle–down effect no longer applies when the flow is
stopped before it even begins. This is where the missionaries take a part in the problem. These organizations and churches begin supplying directly to
those in need. While this aides the needy it doesn't stop the problem; it simply postpones it for when they leave. This allows the governments to place
blame on the organizations that are trying to help. The government no longer becomes accountable to its people. Foreign aid should be limited which
would in turn limit the media bias that also helps provide get out of jail free cards when things don't go as planned. "African governments, even those
run by the military, have not in the past few years been spending more on weaponry, but private markets are flooded with affordable small arms. In this
situation, the line between criminality and politics has become blurred."(Whitaker) When turning on the television, commercials come on that are told
about the missionaries and the wonderful work that's been done, but there's not any insight into how the government is contributing. "Far too many
major countries remain

The Benefits Of Foreign Aid
When one person sees another person struggling, the human response is to try to help. People helping people is what the institution of foreign aid
is built on. Ideally, foreign aid is a way for people in developed nations to help people in developing nations. Unfortunately, foreign aid does not
always bring a positive outcome. In many area where foreign aid is abundant, economic development slows. Foreign aid has become a
controversial topic because in some way it saves lives, but in others it keeps undeveloped nations undeveloped. Foreign aid helps the developing
world by bringing vaccines, and helping to advance healthcare systems, but at the same time, foreign aid cripples the developing world by halting
the growth of local businesses, undermining government responsibilities, and promoting corruption and dependence. The goal of this paper is to
find the balance of where foreign aid should start and stop to promote thriving societies. Foreign aid has benefits as well as limitations. The most
straight forward and prominent benefit of foreign aid is the goal to improve public health. In the developing world, illness and disease play a major
role when it comes to the success of a society. Increased aid in low–income countries has been hugely successful in improving public health.
Institutions that have been the result of this goal include Global Fund to Fight AIDS, Tuberculosis, and Malaria and the Global Alliance for Vaccines
and Immunization. In places like sub–Saharan

Foreign Aid: A Case Study
In 2013 the United States spent approximately thirty seven billion on foreign aid. Twenty three billion dollars a year goes to humanitarian assistance
for countries in anarchy around the world. The rest of the money goes towards funding and building foreign militaries for countries such as Iraq and
Afghanistan. The first aid by the United States started after the Second World War to rebuild the economy and infrastructure of Europe. This led to
President Kennedy to come up with the first US aid program in 1961. The USAID monitor and supply aid to over one hundred countries around the
world. The United States should stop foreign aid in other countries until the United States is healthy economically. The United States is currently
eighteen...show more content...
This country clearly needs to advance in many places such as education or veteran healthcare before it helps others. Giving is good only when you can
give. The United States should not give what it does not have. When this country is out of the eighteen trillion dollars in debt and has financial stability
then it should rethink about helping countries in need. If the countries that we help would help us in a way this would not be such a bad idea, but
Israel, Iraq, nor South Korea help us in any way. Sometimes a big brother needs help to. IF you do not help the hand that feeds you the hand might not
be around for

Jeffrey Sachs On Foreign Aid
On the basis of the viewpoints ascertained above, I firmly agree with author Jeffrey Sachs on the premise of utilizing foreign aid as a tool for
economic development and helping improve the lives of others however, regarding policy I contend that state governments should not become the
direct beneficiaries of aid. This is to say that instead of providing capital resources to governments which according to Swanson's article can "make
governments more despotic, and can also increase the risk of civil war since there is less power–sharing"1 [3] we should instead focus on a project
based–approach forms of foreign aid as seen evident in the combat of malaria in Africa. Such approaches have (according to Sachs) have been
successful. For example,

The Pros And Cons Of Foreign Economic Aid

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