Foreign aid africa essay

problems with foreign aid in africa

Conclusively aid has brought more harm than good to the recipient countries considering the fact that it results in political and economic oppression as the donor countries engage in activities that disrupt political stability in the recipient country whilst looting economic resources back to their home countries, aid perpetuates the dependency syndrome that results in little or no development at all whereas foreign aid in most instances does not reach the intended targets as it is intercepted by corrupt political officials that utilize the resources to their own benefit however it is also imperative to put in mind that foreign aid is beneficial in terms of encouraging development in the recipient country, food relief programs ease the impacts of natural disasters such as droughts whilst aid helps in establishing trade and bilateral international relations between countries.

We can thus say that an individual is richer than another if he is closer to fulfilling his ends, and this will depend on the quantity and the quality of his means.

With migrations entrepreneurs are not the ones who seek workers; it is the workers who seek entrepreneurs, and the ones assuming the costs Instead of capital looking for lower wages, those earning low wages are looking for higher productivity [9].

This does not mean that men without ends are the richest, but that one cannot consider that the size of the wealth is equal to the size of the endowment of properties. The hardness and regularity of the second increases the uncertainty over legal availability and thus the complexity of the division of labor that remained outside systematic interventions.

Then we get to the third stage of economic development. As a legacy of German historicism and Marxist theory of History, globalization is seen as a new stage in human development that requires some ad hoc economic theory.

Indeed, cooperation fosters wealth both by increasing productivity and by providing commodities which would not have been available otherwise.

Like before, politicians can either force people to produce means which are not directly needed, or let things go on. Other important assistance comes from Civil Society Organizations CSO's to assist in basic provisions for food health and shelters What exchange allows is an increase of the size of the division of labor to every person that participates in the market, even without being aware of it, and to have individuals specialized in some production processes which have not been explicitly asked by anyone.

They save part of their earnings to invest in their previous production processes amortization or in new ones.

foreign aid argumentative essay

In this context, people would be led by their expectations of coercion. If being a capitalist becomes exceedingly profitable thanks to foreign low wage workers, there is no reason to suppose that national workers cannot invest part of their savings to hire foreign workers.

Africa has already a comparative advantage in costs that is not currently exploited by foreign companies because of that framework.

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The Curse of Foreign Aid: Winning Essay