The Arguments Against Foreign Aid
This essay will discuss about foreign aid to the developing world countries. Nowadays, there are still many countries at different continent in this world still need some help from the other countries that already developed. For example, most of the countries in Africa really need assistance while they are still developing. But, is it really help? Or is it just makes the developing country be worst? These two questions are what we are going to discuss.
A lot of people arguing about foreign aid to the developing countries, and most of them are disagrees with the help that gotten by foreign country. Some resources saying that Foreign Aid is not give any positive effect; it is just give some of negative effects. For example, a country name Zambia at Africa has been a recipient of considerable foreign aid over the years. As aid to this country grown, this country is actually become poorer than before. From this example, there are many arguments come from different philosophical to against this foreign aid that give to developing world countries (Riddell 2007). The political right agrees with statement that say foreign aid just give a number of negative effects. There are several points to discuss about the negative effects from the foreign aid. Firstly, most of the time, foreign aid is not successful because of corrupt that affect this project. Secondly, Aid money is often misspent, even there is no corrupt there. By looking solutions from the outside, the money may be use for a bigger project that makes the government get an advantage. For example, government use the money for generates large number of jobs that providing few long term benefits for the government. The third one is transfers of low interest concessionary finance will interfere in the market of interest rates and exchange rates. Not just the statement above, the political right also says that foreign aid will create problems. They say that flow of aid is...
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