Advantages an disadvantages of foreign aid

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Advantages an disadvantages of foreign aid

Salary 14 Advantages and Disadvantages of Foreign Aid Anywhere in the world, there is a gap between the haves and the have-nots, the rich and the poor. At the local level, this is obvious.

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A single neighborhood can house both the homeless and those living in mansions. In a larger scale, say international, the same holds true — there rich and highly developed nations, and then there are poor and less developed nations. Even then, when disaster strikes such as that tsunami in Japan, the earthquakes in Bohol, Philippines and Nepal, and the hurricane in the US — no matter how rich or poor a disaster stricken country is, a foreign aid is always welcome.

So then, all of us have been giving and receiving of foreign aid at some point. Although the initial intention of foreign aid is to help, we should know that it does have its drawbacks.

List of Advantages of Foreign Aid 1. At the onset, foreign aid is there to save lives particularly during calamities and disasters, like in the case of natural disasters. Foreign aid helps rebuild lives by providing livelihoods and housing right after a disaster so that victims can start over.

Medical missions are there to offer free medical and healthcare products and services where they are needed the most. Foreign support directed towards agriculture helps farmers and increase food production, which leads to better quality of life and higher quantity of food. Industrial development projects supported by foreign aid create more jobs, improve infrastructure and overall development of the local community.

Some less developed countries do not have the ability to maximize their otherwise rich natural resources, but with foreign support, this is possible. Less privileged communities benefit from foreign aid aimed at providing clean water and sanitation facilities, which reduces risk of contracting infections and diseases.

List of Disadvantages of Foreign Aid 1. Less economically developed countries LEDCs may become increasingly dependent on donor countries, and become heavily indebted.

There is likelihood that foreign financial support do not reach their rightful recipients, but go to the hands of corrupt political officials. A donor country may place economic and political pressure on the receiving country, forcing them to return the favor. Foreign support may only benefit large-scale agricultural projects, and not the less privileged, small farmers who need help the most.

Most development may only benefit large corporations and already-wealthy employers, and not the people who do not have jobs or proper livelihoods. Hidden Agenda of Foreign-Owned Corporations. Foreign aid is sometimes given to a country or recipient to benefit foreign-owned corporations and entities.

So the help is not actually directed to the less fortunate, but to its own people. When there is development and progress, there is inflation, which causes prices of commodities to increase, making the poor people more deprived.

Giving help to LECDs is a noble thing, but nations must properly monitor and manage the flow of foreign aid so that they reach the people who need it, and not go right into the pockets of corrupt and greedy entities.A country can also unilaterally loosen trade restrictions, but that rarely happens.

It would put the country at a competitive disadvantage. The United States and other developed countries only do this as a type of foreign aid. “I’m using a compact point and shoot digital camera and i would like to ask it is worth it to upgrade to a DSLR camera?

How huge a difference do DSLR cameras make compared to compact point and shoot digital camera?”. Thanks for the question – I’ll attempt to keep my answer brief and not too technical. This deposit is compulsory and can be paid by credit card, debit card, or cash (in US Dollars only).

Users must keep in mind that if the deposit is charged to a credit card, the charge will be made in Mexican Pesos and will be calculated based on the exchange rate of the day on which the payment is made. Disadvantages.

Advantages an disadvantages of foreign aid

Of course, there is always a flip side to the advantages. While there may not be as many disadvantages as advantages, there are still a few. Key to Document. Table of Contents. Dede, C.

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Advantages an disadvantages of foreign aid
The Pros and Cons of Implementation the Internet in the Classroom - Advantages and Disadvantages