Lending financial aid to poor countries has become a trend of rich countries since the second half of the 20th century in my opinion, it doesn't matter whether rich countries should lend poor ones financial aid or not but the way poor countries utilize this capital source because financial aid has both pros and cons. Lending financial aid has become the prerogative of poor countries which are concerned with the amelioration of world poverty however, there are quite a few problems regarding interest if rich countries provide loans to poor countries without charging any interest, this can be a good way out. Rich countries often give money to poorer countries, but it does not solve poverty therefore, developed countries should give other types of help to the poor countries rather than financial aid.
Since china's top economic interest is africa's natural resources, aid decisions are inevitably skewed toward resource-rich countries while others receive less favorable consideration [20. It sounds kind of crazy to say that foreign aid often hurts, rather than helps, poor people in poor countries yet that is what angus deaton, the newestwinner of the nobel prize in economics, has argued deaton, an economist at princeton university who studied poverty in india and south africa and. Strategies for students too rich for financial aid, too poor for college there are many schools that offer merit aid or tuition discounting, experts say.
I believe so i believe that they should give aid, though not through money and food, but through education first world countries should be able to send people over to third world countries to give children a complete education, and to teach adults how to properly grow crops. Aid in reverse: how poor countries develop rich countries jason hickel new research shows that developing countries send trillions of dollars more to the west than the other way around. As per my viewpoint, rich countries should give financial aid to developing or under-developed countries this financial aid will help the poorer countries in expanding their infrastructure this aid further can be used in providing medical facilities to the people of the country. This distinction is important to the politics of foreign aid, because in rich countries people with post-material priorities are more likely to support foreign aid, and because foreign aid has a relatively weak political coalition—particularly in the united states.
I agree with the idea that rich countries should lend aids to poor countries the first advantage of this aid is to support poor countries in implementing large projects without a lot of money, poor countries can not build big schools, hospitals, entertainment areas or roads. The news is constantly buzzing about the disappearing middle class, and nothing illustrates this better than the college financing problem - too poor for college, too rich for financial aid. Financial and technical assistance should be aimed exclusively at promoting the economic and social progress of developing countries and should not in any way be used by the developed countries to the detriment of the national sovereignty of recipient countries. Providing financial aid is not the best way to help poor nations as billion of dollars of aid often goes into corrupt government or insufficient administrationand corrupt administration think about their own benefits instead of helping their peopleso,because of following reasons developed countries should think of other ways to hep poor.
Developed countries are helping poor countries by giving financial assistance to improve their economy, education and health system some poor countries use this financial aid in building classroom, improve agriculture and support local investors. A little-noticed loophole written into federal college financial aid rules allows the children of wealthy entrepreneurs to collect aid intended for the needy. Edvisors is not a lender and makes no representations or warranties about your eligibility for a particular loan or financial aid lenders are solely responsible for any and all credit decisions, loan approval and rates, terms and other costs of the loan offered and may vary based upon the lender you select. The us is providing hundreds of millions of dollars of foreign aid to some of the world's richest countries - while at the same time borrowing billions back, according to report seen by congress.
Should rich nations lend aid to poor ones globalization is one of culprits causing greater development gaps among countries over the world, and the act of lending aid is remarkable behavior of rich nations to assist poor ones. So the idea that aid may be threatened because of the recession in rich countries seems to have the logic backwards precisely because the effects in rich countries are temporary, resources should go to places where they may be permanent. The last time the oda definition of aid was changed, in the 1970s, it was broadened to allow spending on refugees in donor countries, and the estimated costs of hosting students from developing.