Trade Not Aid Essay

Underdeveloped countries need help from the privileged nations, but it is not mean that all of them should become rich countries’ dependents. On the other hand, the developed countries could support them with technology, quality control and new product development. Based on the aided information and technology, the developing countries could get better future development path. Third, the capacity of the lifeboat is misestimated. Although the poorer countries have larger population, rich nations obtain the majority of the world’s fortune and resources. In that case, rich nation’s supporting capacity is definitely much larger than that of the lifeboat, and these developed countries have the great ability to help more people in the world.

There are billions of dollars that developed countries give to the developing countries to say that they are helping the poor and that they are bring the poor countries up out of the dirt. But studies have shown that giving money alone does not help, it could actually make the country worse off. Foreign countries should not give money to developing nations because the developing countries become too reliant on the developed countries, it does not help the developing countries, and with money, comes corruption. The better way for foreign aid to work which is to give technological aid. A quote from Maimonides, “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.” This quote tells a tale of how society works and the importance of learning. This can be applied to a multiple of things like how a developed country needs to teach another country how to survive. The developed countries are just giving money and food instead of teaching the public about how to grow food and how to have a stable economy. Countries around the world that depend on foreign aid are now

According to the World Bank, from 1993 to 1998, poverty rate has reduced by 14 percent in developing countries, similar to about 107 million people. This may result from receiving foreign investment that plays an important role in local economy growth. For example, the proportion of population living in poverty in India decreased by half in the two decades, from the 1970s to 1990s, while the number of Chinese in poverty declined by approximately 210 million during twenty-one years, from 1978 to 1999 (Healey 2008). In other words, the standard of living is improving due to the benefits of international economic activities.

On one side of the issue the supporters of developmental aid believe that the United States is doing more than a great job by offering economic assistance to countries that need help to develop. These individuals are aware of the unfortunate poverty levels in many countries abroad. They believe that it is the duty of the American people to help reduce the poverty levels in countries in which people live with less than a dollar a day. In fact, some supporters believe that the U.S. is not offering enough support to the poorer countries. Many have

Riddell, Roger C. 2007. Does Foreign Aid Really Work? 1st ed. OXFORD: Oxford University Press, USA.

The foreign country receiving aid needs to receive the correct type of help for them to get out of poverty. If they received affordable education and studies, they will be able to obtain skills needed to improve and stabilize their country. When they receive certain skills, they will be more prominent to get jobs to help provide for them. With better education, they will be able to form a strong country and become wealthy. The United States has many resources already, so much that the government pays farmers not to grow crops.

For many years, the U.S. has cut back on its promised obligations and responsibilities to help the cause of development aid. Between 1990 and 1993, U.S. exports to developed countries grew by 6.2%. In contrast, during that same period, U.S. exports to developing countries grew by a remarkable 49.8%, yielding 46 billion dollars more and 920,000 jobs in the United States (Atwood). Assistance cuts hurt America’s

In 1954, United States of America started to help developing countries by operating the new assistant program. America gave farm surpluses to developing countries and succeeded to stabilize farm prices. Later on, United States of America provided the biggest monetary help to developing nations. Especially in 2004, America accounted 54% of the world’s foreign aid. Also, since 2002, America is supporting more than 65 countries with more than two billion dollars in average. However, some people are criticizing about the American way of supporting developing nations. Since America gives developing nations money and food supplies, this can undermine developing nations’ self-reliance and make them wait for other nations to help them. Thus, America is finding ways to help developing nations to become independent economically. Some American organizations are even teaching them proper ways to farm and grow crops to help them become gradually

“Benefits of foreign aid have recently been under severe scrutiny. Several observers argue that a large portion of foreign aid flow from developed to developing countries is wasted and increases unproductive public consumption. Poor institutional development, corruption,

Additionally, when developing countries utilize U.S. aid to galvanize their financial stability, it results in a larger global export market for U.S. goods and services (Marshall,

Due to these severe issues, wealthier more developed nations have made it their responsibility to eliminate some of these issues by donating and providing aid to them. But, many attempts have had a negative outcome due to the interest of their government. Although it is the responsibility of the developed countries to aid and help the global poor, due to the severe long term effect that poverty has had, the donators, would eventually impoverish themselves to sacrifice their luxury to meet such a moral

In the book “The New Confessions of An Economic Hitman” by author John Perkins, he discusses in detail his experience as an economic hitman, and the role he played in underdeveloped and developing countries. He writes about his, various multinational corporations, political institutions, and the United States role in indebting countries to profit off them. Essentially, his book is about the United States way in expanding globalization and what can be done to stop the exploitation of other countries. John Perkins offers a new perspective on the study of international development and underdevelopment, and goes beyond numbers and graphs, to explain other factors that are a key contributor in the under development and development of some countries. In this essay, the strengths and weaknesses of this book will be discussed and compared to the perspectives of development covered in this course through the lectures and textbook. The opportunities that are presented around the world for this book to improve development outcomes, and threats around the world that may halt efforts to purse the changes that John Perkins wishes to see will also be discussed.

     International trade is defined as trade between two or more partners from different countries in the exchange of goods and services. In order to understand International trade, we need to first know and understand what trade is, which is the buying and selling of products between different countries. International Trade simply is globalization of the world and enables countries to obtain products and services from other countries effortlessly and expediently.

Harvard Business School’s Case Study “Aid, Debt Relief, and Trade: An agenda for fighting World Poverty” outlines the steps, and missteps, that the world community has taken since World War II to address the efficacy of international assistance. The study focuses on international financial institutions (IFIs) and their ability to help poor nations break out of poverty and the possible obligations of rich, developed countries to assist the heavily indebted poor countries (HIPCs). Additionally, the study seeks to see if this assistance has been and can be parlayed into growth and investment for the HIPCs.

Lack of development in countries in the so-called `Third World' has many political and economical reasons. Historians explain the inadequacy of developing countries with the early imperialism and the resulting colonization of the South. Exploitation of mineral resources, deforestation, slavery, and the adaptation of foreign policies shaped the picture of today's suffering and struggling civilizations and natural rich continents. The omission of concessions and equal negotiations between dependency and supremacy give rise to the contrast of enormous resources and immense poverty in developing countries is. In the last years the outcry of justice and the emancipation of the Third World became louder throughout developing and industrialized