Foreign Aid Essay

Foreign aid is something that is provided by donating governments to countries in need, mostly third-world countries. Foreign aid is allocated for two extremely broad categories, economic development and military aid. Under these categories there are specific uses for foreign aid like, health, humanitarian assistance, democratic elections and even protection for forests. There is debate about foreign aid being a waste because of corrupt governments, which gives the United States speculation whether it should continue to provide foreign aid and how much. This was a popular topic in the 2012 election between Barack Obama and Mitt Romney. It would be most beneficial to the United States to maintain foreign aid levels while having conditions

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

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.

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

Foreign aid is a term referring to resources and money lent out or given to a ‘recipient nation’ who is in need by a wealthier ‘donor country’. This can be given either in long term ‘humanitarian aid’, aimed at improving the welfare and development of the human population, or short term ‘emergency aid’ focused on providing the daily necessities to a population after a war, or natural disaster. Despite common belief, the purpose of foreign aid is not only to help countries which are in need, but also to achieve a range of social, economic, cultural and geopolitical goals that will benefit our national interest. Australia is currently the largest foreign aid donor of its nearest neighbour,

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.

"Between 1945 and 1983 the U.S. gave away $321 billion in foreign assistance, concessional loans, military aid, and humanitarian assistance." (Cato Policy Report, 1991) The Clinton administration task force admitted that, "Despite decades of foreign assistance, most of Africa and parts of Latin America, Asia and the Middle East are economically worse off today than they were 20 years ago." (Conservative Chronicle, 1994) United States financial aid does not help the problem it stabilizes it until it's withdrawn.

The arguments on aid have been seen largely from two perspectives: idealistic and realistic points of view. The idealist arguments are normative, with no real possibilities of assessing their validity. In contrast, evidence can be gathered to test the economic consequences of aid although different interpretations of the evidence are always possible and disagreements over the conclusiveness of the test are

Australia should not reduce its foreign aid commitments. Foreign aid in Australia is a source of funds and support that helps achieve the actions that can be taken to address the problem of poverty in developing countries and regions. Foreign aid can be in forms such as loans or grants and can be provided either directly from one country’s government to another (bilateral aid) or via large international coordinating agencies like the World Bank. In particular, Australia focuses its aid work in the Asia Pacific region as it is one of the poorest regions of the world. By providing Foreign aid to developing countries, such as Indonesia, Papua New Guinea, Pakistan and many others, Australia builds stronger communities and more stable governments.

First, cutting foreign aid, not completely, and only by half will eliminate 17 billion in spending. Reducing the amount of foreign aid does not necessarily mean depriving developing countries of resources they are dependent on. The perceived obligation for the United States to provide foreign aid may be reduced by greater donations from other countries, properly managing loans which are granted as aid and enforcing tax regulations within countries receiving funds. Moreover, alternate supporting countries could contribute a more desirable amount of their gross national income on aid. If additional donor countries regulated merely four percent more of their gross national income on foreign aid, the added bestowment would effectively alleviate the United States over a hundred billion dollars, while still maintaining the status quo of what countries in need receive. Alternatively, another option would be approving loans to developing countries. Loans are a tool capable of

Many influential thinkers view foreign aid as one of the best tools for eradicating poverty. However, my aim is to prove this belief wrong by demonstrating that if the capital is given to the wrong types of government then it works to further perpetuate inequalities. Nations thrive only when they establish inclusive governments—ones that promote free markets that permit citizens to not only spend freely but also to invest to promote the flow of capital. On the other hand, governments that use authority to consolidate power in the hand of only a few, such as one in Mexico, may show some economic growth but at the cost of the well-being of the majority.

This piece of writing will provide evidences and determine whether trade is the key to economic growth in developing countries but not aid. While trade is the key to economic growth in developing countries, good governance also plays a vital role in economic development. Nevertheless, aid and trade are aimed at different goals. This assignment starts with investigating the connection between aid and development with providing an evidence of its negative impact. It also compares the effect of trade and aid. Secondly, it

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

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.