Aid for Donor Interests Essay - 2684 Words

Lack of development in countries in the so-called `Third World has many political and economical reasons. Historians explain the inadequacy of developing countries with the early imperialism and the resulting colonization of the South. Exploitation of mineral resources, deforestation, slavery, and the adaptation of foreign policies shaped the picture of todays suffering and struggling civilizations and natural rich continents. The omission of concessions and equal negotiations between dependency and supremacy give rise to the contrast of enormous resources and immense poverty in developing countries is. In the last years the outcry of justice and the emancipation of the Third World became louder throughout developing and industrialized†¦show more content†¦Here the International Monetary Fund and the International Bank for Reconstruction and Development, later divided into the World Bank and Bank for International Settlement, were established. To regulate the international p olicy economy these institutions become known as the Bretton Woods institutions and became operational in 1946. The IMF, founded to stabilize countries currencies in relation to each other, holds money in trust, which member countries can borrow according to terms set by the institution. The World Bank instead gives more long-term loans and sells bonds to corporations and governments, which bind the issuer to pay the bondholder the amount of the loan plus interest. However, the countries taking advantage of the opportunity to borrow money to improve their affected economy are obliged to launch a set of policies, known as the Washington Consensus, which was first presented in 1989. The reforms introduced by the Institute for International Economics include deregulation, privatization, currency devaluation, social spending cuts, lower corporate taxes, export driven strategies, and removal of foreign investment restrictions . More, these loans are only granted when the countries agree to the adoption to a comprehensive programme of macro-economic stabilization and structural economic reform. The reason for keeping aid alive by the United States during and after the early history of todays debt problem,Show MoreRelatedRelationship Between Foreign Aid And Migration1414 Words   |  6 Pagesand Lebland discuss two hypotheses explaining the relation between immigration and foreign aid. They hypothesis that (1) donor countries use this foreign aid to ‘aid’ or to further their own individual immigration policy goals, and (2) migrants, who have already moved, lobby their new countries for an increase in aid to their home countries. Anti-immigration parties and policies have come out of developed donor nations including Austria, Denmark, and the Netherlands. This social unrest stems from immigrationRead MoreThe Disasters That Prove That Foreign Aid Has Done More Damage Than Good Essay1495 Words   |  6 Pages11 Disasters That Prove That Foreign Aid has done More Damage than Good in Africa From food aid to humanitarian aid and military assistance, foreign aid continues to flood Africa with the aim to enhance economic development and improve people s lives. But one of the questions that tangle curious economists like Cornell Ngare is that aren t there poor people in the west? And the obvious answer is yes there is. There are beggars on the streets of London, several homeless families living under theRead MoreThe Good Project Humanitarian Relief Ngos And The Fragmentation Of Reason1700 Words   |  7 Pagesmainly focuses on how organizations make decisions about how to allocate resources and the way to translate values and interests into practice. Relief is a form of production which is so-called a project, the project and the beneficiaries who helped by humanitarian relief agencies become a commodity. The exchange market exists since humanitarian relief agencies sell projects to donors in a quasi-market that givers and products in the business are symbolically differentiated to match receiver preferencesRead MoreInternational Aid Allocation : The Path For Global Success1151 Words   |  5 PagesInternational Aid Allocation: The Path to Global Success From the origins of large-scale international humanitarian projects in the post-World War I period to current global aid allocation programs, scholars in the field of international aid have focused on the motives behind countries’ generous donations to their underdeveloped counterparts. Myriad studies, regardless of the time frame they encompass, make reference to the moral obligation rich nations have to help the poorest countries. In thisRead MoreThe Beginning Of Foreign Aid Essay1505 Words   |  7 PagesIntroduction: 1.The beginning of Foreign Aid All human beings regardless of their background require a set of resources to survive. These are food, water, shelter and clothing in addition to this, healthcare, education and sanitation are also essential for a person’s wellbeing. In 1949 Truman’s Inaugural Address â€Å"we must embark on a bold new program for making the benefits of our scientific advances and industrial progress available for the improvement and growth of underdeveloped areas† raisedRead MoreEthical Considerations Behind New Alternatives to Abortion.1566 Words   |  7 Pagesissue of AID or Artificial Insemination Donor. Many questions arise due to this artificial donor, such as who is legally the father of the child? Should the father be allowed visitation rights to child? The questions all arise in different cases which shall be discussed. Another issue in regarding the AID is whether the donor is anonymous or through a chosen donor. In the case of RE Adoption of Anonymous in 1973, the ethical consideration of who is the legal father in a consensual AID case. TheRead MoreExplanation For Third Wave African Democracy After The Cold War1736 Words   |  7 Pages(depending on which definition of democracy one accepts) in only a span of six years (Diamond 1997, 2). This seemed unusual because, prior to this period, it seemed as though authoritarian regimes were a permanent fixture in African states, and Western donor states were perfectly happy to support those regimes (2005, 179). This period of rapid transition to democracy has been termed the ‘third wave’ of democracy (ibid). The mystery that has plagued many scholars through this time has been: why did thisRead MoreGlobal Institutions are the Solution to Global Poverty Essay1639 Words   |  7 Pagesultimately provide for the greater good in aid to prevent world poverty. The argument put forward by both philosophers against non-governmental orga nizations is challenging as they â€Å"can never be the primary agents of justice and aid in the long run for several reasons† (Brooks 435) because they are not accountable for their actions and aims, they are dependent on donor countries, and the aid they give is subject to what the ruler of the country receiving aid wants. Most rulers in developing countriesRead MoreForeign Assistance For Foreign Aid1523 Words   |  7 PagesAlthough foreign aid has been going on for hundreds of years, it still remains a controversial topic. Many people have debated whether or not it actually either helps or harms nations. Foreign aid can help undeveloped states by providing education and health care. However, a drawback to foreign aid is that it can cause countries to become dependent and lead to corruption. Foreign aid is effective when countries don t try to use foreign aid for their own benefit and when coordination and accountabilityRead MoreHumanitarianism Is A Complex Task958 Words   |  4 Pagesorganizations â€Å"must be in certain areas that the donors are paying attention to.† These organizations are essentially controlled by financial interests. MSF, a pure humanitarian organization, can operate in volatile regions. Certain donors might not see real value in placing their money in uncertainty that an unstable region presents. NGOs dependent on donor financing will not be able to adequately support the people of these regions who are in dire need of aid. In continuing to define pure humanitarianism