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Foreign Aid
Foreign Aid
Foreign aid is an extension of economic assistance from one nation to another. IT is an instrument that a developed or industrialized country would use to achieve either political, economic, and military power. Foreign aid also is used for humanitarian concerns, this unfortunately is the reason least used. Countries that receive foreign aid are usually developing countries in the third world. There are many reasons why a country would need to receive foreign assistance, such as environmental problems, medical assistance, and the main one being poverty. Poverty is often due to the conditions where you live, and as a result your quality of living is poor. The people in these countries are unable to provide their families with the daily necessities for living such as, clothes, food and even shelter. The countries, which receive foreign aid, are not just getting free money, there is a debt connected, it known as “ The Debt Trap”. A developing country that receives help often must pay back an amount of interest on money that they borrowed, even if it is in large amount. Foreign aid is given to poverty-stricken countries, who have a limited supply of financial resource and need the assistance from another country. Wh
Approximate Word count = 1849
Approximate Pages = 7 (250 words per page double spaced)
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