Foreign Aid Essay - 620 Words

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 used food 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 aids 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 industrysShow MoreRelatedForeign Aid3759 Words   |  16 PagesEFFECT 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 fiscalRead MoreForeign Assistance For Foreign Aid1553 Words   |  7 Pages The dictionary definition of the term foreign aid is: The administered transfer of resources from the advanced countries for the purpose of encouraging economic growth in developing countries. [Bannock:1988 P.164] However, so as not to confuse foreign aid with the investments of multinational corporations or commercial banks, many economists require foreign aid to meet two distinct criteria: 1) Its objective must be noncommercial from the point of view of the donor and 2) it should be characterizedRead MoreThe Matter Of Foreign Aid1721 Words   |  7 PagesThe matter of foreign aid is complicated. Through our own policies, the policies of international organizations, and assorted agreements with numerous countries, our role in foreign aid has continued to change over the decades to meet the growing needs of the developing and developed worlds. While we try to aid the developing world to the extent of our capabilities, there are several elements to consider – some of which in the past have often been neglected. 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Foreign aid is a failure for three reasons: the aid does not reach the appropriate people, the aid does not always fix the situation in the long-run, and the aid creates a dependence on bo th the donor country and the aid itself. We have the capabilityRead MoreThe Expansion Of Foreign Aid2475 Words   |  10 Pages In the denotation of foreign aid takes many definitions in different literature, but as Tarp provided it is government transfers from donor countries to under developed or poor countries. That is intended for promoting development and reducing poverty, although there may be other aims of giving aid. As there are major trend of foreign aid and most reasonable issues that foreign aid fluctuated in different years, therefore the paper will look back the trend of foreign aid and it’s changes in globallyRead MoreAmerican Foreign Policy And Foreign Aid1366 Words   |  6 PagesAmerican Foreign Policy and Foreign Aid America tends to involved herself in many other countries affairs. This creates large amounts of national debt, war, and in some cases enemies. I believe that the American government should leave other counties alone until they decrease nation debt, decrease unemployment rate, and end our current complications with other countries. For those of you who do not know what foreign policy is, it is the way that America’s government interacts with other countriesRead MoreThe Cons of U.S. Foreign Aid Essay1251 Words   |  6 PagesThe Cons of U.S. Foreign Aid As time progresses humankind seeks to better itself. We strive to make life easier, faster, and more efficient. Currently we have telescopes that can see objects light years away, satellites that can track you around the planet, cars that adjust the seat and steering wheel to separate drivers, and computers that fit in your hand and perform a million calculations a second. But not everyone in this world has this technology. In parts of the world there are peopleRead MoreEssay on The Benefits of Foreign Aid1625 Words   |  7 Pagesmisperception concerning how much of the federal budget is actually set aside for foreign assistance programs. Only one-half of one percent is actually allocated and spent through the agency, stated J. Brian Atwood, head of USAID, at the International Development Conference on January 1995. In addition, U.S. Foreign Assistance levels are at their lowest levels in over 50 years (Ten Questions Commonly Asked About U.S. Foreign Assistance Programs, March 6, 1995). The United States should continue providingRead MoreShould The United States Increase Foreign Aid?819 Words   |  4 PagesStates increase foreign aid? This is a topic that has come up many times in the past years. When it comes to politics and the people themselves, this is a very important debate. This goes much deeper than just losing money or helping a fellow country in need. People are in need to better their country and themselves. We are all here together and aiding in one s growth can change lives all around. There are many reasons why the United States should increase foreign aid and why it is important