Aid is not the Way to Development - 1427 Words

Trade, not aid, is the key to economic growth in developing countries. To what extent do you agree with this statement? Introduction Most of the developing countries are mired deeply in economical obstacles, which prevent them from development significantly. In order to overcome those embarrassments world’s society struggles to find the efficient solution for poor countries’ economies. Historically, developed countries undertook policy of giving aid to their colonies, afterwards by the end of The Second World War the United States and United Nations embarked the global sponsorship to the developing countries and countries of the Third World due to humanitarian considerations. Since then many other countries have joined in the effort to provide financial aid to lesser developed or poverty ridden countries. But none of those countries that received an aid had experienced a prosperity phase and rapid economic growth. 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 g rowth 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, itShow MoreRelatedTaking a Look at the China-Africa Relation1563 Words   |  6 Pagesinternal and external factors on economic development. From these conflicting views emerge theories on the effect of aid, investment and trade on economic growth––which, in current literature, suggests an ambiguous result. On the issue of aid, Pronk (2001) pointed out that aid can be seen as a catalyst rather than a primer mover, in the sense that aid is not a cause of development but a push or support to development. In the China-Africa relation, the role of aid has been to allow recipient countriesRead MoreThe United States Foreign Aid to Developing Countries: A Research Report1679 Words   |  7 Pagesleader in foreign aid to developing countries. It gives foreign aid to such countries in order to promote political stability and economic prosperity, a natural interest for any global hegemon. This aid comes in the form of money, food, humanitarian work, and military assistance. The countries who receive the foreign aid certainly need assistance, but do not always use the aid wisely. Now that our country is undergoing serious fiscal deficits, the nations costly foreign aid commitments must beRead MoreInternational NGOs and the Aid Industry1024 Words   |  4 PagesThe Article â€Å"International NGOs and the Aid Industry: constraints on international Solidarity† by Molly Kane is about the Make Poverty History campaign, which is a campaign that tried to eliminate global poverty using governmental action. It was initiated by NGOs trying to gain more aid, to help eliminate third world countries debt, and to help solve trade injustice. The campaign noticed an increase in North American development NGOs, and how all of them were campaigning for social change globallyRead MoreThe Role Of Director Of The New Zealand Aid Programme Essay1352 Words   |  6 Pagesthe role of the Director of the New Zealand Aid Programme (NZAP). Studying the inconsistent implementation of past aid policies, I will use the Pacific to outline my vision for the direction of future aid administration. Guided by the principle purpose of New Zealand’s first independent aid organisation, NZAID, and in keeping with international aid trends, my vision for NZAP would work towards one clear goal: the elimination of poverty. New Zealand aid policies have been reorganised over the pastRead MoreWell-Distributed Food Aid to Kenya to Create Self-Relience Essay1031 Words   |  5 Pagesindividuals in need of food aid. These circumstances can be either man-made such as over farming or natural for example drought. In conducting this research, evidence will show some current solutions of providing food aid in Kenya as well as understanding what the future potential developments are. Research topic: Food aid in Kenya: a problem or solution? Research question: Is food aid a sustainable strategy to solving the food crisis in Kenya? Thesis: Providing food aid to Kenya is good as longRead MoreAdvantages and Disadvantages Giving Aid1521 Words   |  7 Pageswho achieved the process countries are those which are in the process of development. (Ashwath Komath, April 19, 2010). According to (Andrew Page, 2005) Foreign Aid or Official Development Assistance (ODA) is a transfer of resources on concessional terms which are undertaken by official agencies. Mostly, the countries that receive foreign aid are usually developing countries. Poverty is the main focus of giving the foreign aid. This situation always happened to many countries due to the conditionsRead MoreHow Can African Nations Achieve Economic Growth? Essay1104 Words   |  5 Pagessubstantially reduce poverty in hopes of achieving their desired status. In order for African nations to further develop themselves, they must invest in higher amounts of free trade within Africa, which will boost economic growth, receive specified aid from developed nations and citizen participation, in order to improve their own government, and act as a follower country, which would be used to invest in better human living conditions. Merriam Webster defines an economy as, â€Å"the process or systemRead MoreA Controversial View Of Development Discourse863 Words   |  4 PagesThe discussion topic is referring to a controversial view of development discourse. Development means what ‘we’ can do for ‘them’, here ‘we’ denotes the first world countries or the west and ‘them’ refers to the developing countries. This essay will discuss the issue based on three different perspectives of three well-known references- The End of Poverty: How we can make it happen in our lifetime by Sachs (Sachs, 2005); The Bottom Billion by Collier (Collier, 2007) and Easterly’s The White Man’sRead 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 MoreDon t Become A Philanthropic Colonialist999 Words   |  4 PagesIn 2000, United Nations announced the Millennium Declaration for global development and committed to achieve eight Millennium Development Goals (MDGs) by 2015 (United Nations, 2000). Over the past 15 years, by reviewing and reflecting the failures and success of these ambitious goals (Childs, 2015), the debate about international giving continues. To support the stance about â€Å"the U.S. government and NGOs should stop aiding more to foreign countries,† this memo will briefly indicate this stand. In