by Lilian Efobi It is possible for African countries to gradually break free from foreign aid. However, achieving freedom would require improved governance, increased domestic resource-utilization, significant economic development, improved governance, and increased domestic resource mobilization. African countries need to focus on sectors like agriculture, manufacturing, and technology, allowing them to generate their own wealth …
Tag: foreign aid
“What if he wins?” asks Andrew Larkins, 26, a Correspondent from Australia as he looks at the impact US presidential candidate Donald Trump could have on relations with developing nations. The American presidential race is well underway. There are two candidates left standing and one question on everyone’s minds: Will the alienating billionaire figure of Donald Trump …
Every day a multitude of resources is spent tackling poverty and standard of living in developing countries all over the globe, writes Andrew Larkins, 26, a Correspondent from Australia, who questions whether the billions spent by governments on grants, loans, technical expertise, and debt relief is the right answer. According to The Economist, this foreign aid is …
The desire to give aid comes from good intentions, writes Swapnil Mishra, 21, a Commonwealth Correspondent from India currently studying in the U.S. At the same time, policies around international aid can lead to dependence, or undermine efforts to build a healthy local economy. A very popular documentary titled “Poverty, Inc.” explicitly puts forward the …