Foreign Aid
Foreign Aid
Anna-Louise Weston
Year 12
2012
Foreign aid is a noun meaning the economic, technical, or military aid given by one nation to another, for purposes of relief and rehabilitation, for economic stabilization, or for mutual defines. The definition states that the economic, technical and military relief provided to countries that are in need can measure foreign aid.
Countries that need foreign aid economically are those countries, which have a low economic growth. With help from high economic growth countries such as MEDC 's (More economically developed countries) the USA, UK, Australia, Canada etc. countries receive * Giving the poor jobs * Making organizations e.g. fair-trade * Giving children an education * Provide starting amount of money to help start the growth of the economy
With this MEDCs are providing the countries with foreign aid but by contrast, other people find foreign aid has negative impact on economic growth. Arguments have been made that high lived of aid erodes institutional quality; it increases rent seeking and corruption which therefore negatively affects growth.
In the world today, the United Nations (UN) has created a program, which is set to achieve specific goals in relation to Foreign Aid and accomplish these by 2015. The UN Secretary General Kofi Annan established the UN Millennium Campaign in 2002 in order to support citizen participation in the achieving the Millennium Development Goals, adopted by 189 world leaders from rich and poor countries, as part of the Millennium Declaration, which was signed in 2000.
Since 2002 we have worked with UN partners and key global constituencies, such as civil society, parliamentarians, faith groups and youth to inspire people from around the world to take action for the achievement of the Millennium Development Goals by 2015.
Now the Campaign advocates for increased efforts to effectively promote greater support for the MDGs, as it is more
Anna-Louise Weston
Year 12
2012
Foreign aid is a noun meaning the economic, technical, or military aid given by one nation to another, for purposes of relief and rehabilitation, for economic stabilization, or for mutual defines. The definition states that the economic, technical and military relief provided to countries that are in need can measure foreign aid.
Countries that need foreign aid economically are those countries, which have a low economic growth. With help from high economic growth countries such as MEDC 's (More economically developed countries) the USA, UK, Australia, Canada etc. countries receive * Giving the poor jobs * Making organizations e.g. fair-trade * Giving children an education * Provide starting amount of money to help start the growth of the economy
With this MEDCs are providing the countries with foreign aid but by contrast, other people find foreign aid has negative impact on economic growth. Arguments have been made that high lived of aid erodes institutional quality; it increases rent seeking and corruption which therefore negatively affects growth.
In the world today, the United Nations (UN) has created a program, which is set to achieve specific goals in relation to Foreign Aid and accomplish these by 2015. The UN Secretary General Kofi Annan established the UN Millennium Campaign in 2002 in order to support citizen participation in the achieving the Millennium Development Goals, adopted by 189 world leaders from rich and poor countries, as part of the Millennium Declaration, which was signed in 2000.
Since 2002 we have worked with UN partners and key global constituencies, such as civil society, parliamentarians, faith groups and youth to inspire people from around the world to take action for the achievement of the Millennium Development Goals by 2015.
Now the Campaign advocates for increased efforts to effectively promote greater support for the MDGs, as it is more
References: * http://www.endpoverty2015.org/about/ * http://www.globalissues.org/article/785/military-aid * http://www.un.org/millenniumgoals/ * http://www.un.org/millenniumgoals/beyond2015.shtml