Category: Foreign Aid

Foreign aid is any kind of cooperation that one country voluntarily transfers to another, which can take the shape of gift, furnish or loan. Countries may furnish useful resource thru capital, food, supplies, and services such as humanitarian resource and army assistance. Developed nations may additionally grant developing international locations with foreign useful resource after…

Modernization theories discovered that the only thing that was lacking in developing countries was capital, it was suggested that if private foreign investment in the third world these countries would be able to spend on capital goods such as infrastructure. Industries being established would provide employment for people, which lead to higher rates of capital…

Introduction and Thesis – All human beings require a set of resources such as food, shelter and clothing and it is necessary that any political leader takes care of that so to fulfill that we need other countries to help which directly leads to foreign aid which means assistance from rich, industrialized to poor developing…

Abstract Purpose: This paper seeks to examine the impact of foreign aid on poverty reduction in developing countries. It reviews the positive and negative impacts of aid in lessening poverty in evolving countries and the critical success factors that could serve as a blueprint for developing nations to adopt. Methodology: The paper employs a critical…

Introduction There are 197 countries in the world[footnoteRef:1] in 2019, out of which 126 countries are classified as developing countries[footnoteRef:2]. These countries are characterized by being less developed industrially and having a lower Human Development Index when compared to other countries[footnoteRef:3]. However, developing countries do have the potential for high growth and security when evaluating…