Disadvantages Of Foreign Aid

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Foreign aid is a voluntary transmission of resources from one country to another. Foreign aid can be divided into military aid and economic assistance. Most of the countries encourage foreign aid as it can help third world countries and save lives. This sort of aid can bring relief and ameliorate suffering, not just in the short term but also in the long run. (Nairobi 2010) It is not only strong countries that can provide aid, some of the private organizations can also take the initiative to participate in it. Although some of the politicians say that foreign aid is just a waste of funds, foreign aid should be encouraged because it saves lives, improves both donors and recipients’ economic growth and provides security to poor countries. …show more content…

Disadvantages of foreign aid includes the fact that the funds channeled is wasted because the receiving governments do not use the money wisely. Some of the politicians exploits the money and spends it satisfy their own greed. According to Jonathan Foreman (2013), the decision made by the Indian government to reduce the number of non-school children by five million since 2003 was just an illusion. The government gave the cash instead to imaginary schools and used the money to buy luxurious cars for officials. Besides, some governments spent the money on unimportant and unessential fields. According to Jonathan Foreman (2013), the Indian government had spent most of the money on bureaucracy and self-indulgence which are not very important to them. Another example, a £47 million project in wealthy Indonesia destined to help the government there with ‘effective leadership and management of climate change programming’. However, there are dissents over the disputed controversy. From this point of view, we are able to notice the fact that foreign aid is constrained by plausible misuse of money by the recipient’s government is false and irrelevant as foreign aid can be seen as one initiative to empower economic growth in countries, particularly less developed nations, such as Bangladesh and India. For example, development in Bangladesh is solely dependent on budget on aid which has made a significant contribution to the reconstruction of its economy. Furthermore, in India, foreign aid has financed more than 8 percent of the domestic investments and some 15 percent of imports. Millions of children in Africa are alive appreciate to the control of measles and other vaccinations. International cooperation that fight HIV/AIDS and Malaria has successfully saved hundreds of thousands more lives (Abugre

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