Foreign assistance should not be used in all situations, but only in times of crisis; following the advent of a war, in the midst of a war, natural disaster, pandemic, or other immediate concerns. Aid cannot be given without cause. If the problem is largely economic, then simple donations will not help in the long term; what is instead needed is the foundation for a healthy, growing economy that the nation can sustain on its own. “One way of aiding Third World nations is through free trade. By lowering our import barriers, we can allow the private sectors of the Third World easier access to our markets. With the huge markets of the United States available for their products, entrepreneurs will have the opportunity to develop new industries or expand old ones.” Opening trade is often a mutually beneficial relationship that establishes and promotes growth over the long run. Foreign aid can be helpful in the short term, but it is the combination of factors and help that will truly allow a developing country to
Foreign assistance should not be used in all situations, but only in times of crisis; following the advent of a war, in the midst of a war, natural disaster, pandemic, or other immediate concerns. Aid cannot be given without cause. If the problem is largely economic, then simple donations will not help in the long term; what is instead needed is the foundation for a healthy, growing economy that the nation can sustain on its own. “One way of aiding Third World nations is through free trade. By lowering our import barriers, we can allow the private sectors of the Third World easier access to our markets. With the huge markets of the United States available for their products, entrepreneurs will have the opportunity to develop new industries or expand old ones.” Opening trade is often a mutually beneficial relationship that establishes and promotes growth over the long run. Foreign aid can be helpful in the short term, but it is the combination of factors and help that will truly allow a developing country to